China-Laos Cross-border Economic Cooperation Zone Common General Plan signed

In the presence of Chinese President Xi Jinping and Lao President Choummaly Sayasone, the China-Laos Mohan-Boten Cross-border Economic Cooperation Zone Common General Plan (hereinafter referred to as “Common General Plan”) was signed by Gao Hucheng, Chinese Minister of Commerce, and Somsavat Lengsavad, Lao Deputy Prime Minister.

The signing of the Common General Plan is an important milestone in the economic and trade cooperation between China and Laos.Both sides have decided to establish the Mohan-Boten Cross-border Economic Cooperation Zone in Yunnan Province of China and Luang Namtha Province of Laos,in order to carry out the principles of “long-term stability, good-neighbourliness, mutual trust and comprehensive cooperation”, promote the implementation of the Belt and Road Initiative, consolidate and develop the comprehensive strategic partnership between the two countries and enhance beneficial cooperation on the two sides. Following the establishment of the China-Kazakhstan Horgos International Border Cooperation Centre, this is the second cross-border economic cooperation zone between China and a neighbouring country and the first of its kind in Yunnan. It marks an important step for China and Laos to seek innovative cooperation patterns and accelerate opening up.

When it comes into effect, the Common General Plan will help to give full play to complementary advantages of both economies, facilitate trade, investment and personnel exchanges, promote bilateral industrial cooperation, speed up the development of border areas and benefit the peoples of both countries.

China-Laos Cross-border Economic Cooperation Zone Common General Plan signed

In the presence of Chinese President Xi Jinping and Lao President Choummaly Sayasone, the China-Laos Mohan-Boten Cross-border Economic Cooperation Zone Common General Plan (hereinafter referred to as Common General Plan) was signed by Gao Hucheng, Chinese Minister of Commerce, and Somsavat Lengsavad, Lao Deputy Prime Minister. The signing of the Common General Plan is an important milestone in the economic and trade cooperation between China and Laos.Both sides have decided to establish the Mohan-Boten Cross-border Economic Cooperation Zone in Yunnan Province of China and Luang Namtha Province of Laos,in order to carry out the principles of long-term stability, good-neighbourliness, mutual trust and comprehensive cooperation, promote the implementation of the Belt and Road Initiative, consolidate and develop the comprehensive strategic partnership between the two countries and enhance beneficial cooperation on the two sides. Following the establishment of the China-Kazakhstan Horgos International Border Cooperation Centre, this is the second cross-border economic cooperation zone between China and a neighbouring country and the first of its kind in Yunnan. It marks an important step for China and Laos to seek innovative cooperation patterns and accelerate opening up. When it comes into effect, the Common General Plan will help to give full play to complementary advantages of both economies, facilitate trade, investment and personnel exchanges, promote bilateral industrial cooperation, speed up the development of border areas and benefit the peoples of both countries.