Negotiation on CLV's Trade Promotion and Facilitation Agreement
The fourth negotiation round on trade and economic development agreement for the Cambodia-Laos-Vietnam Development Triangle Area (CLV-DTA) convened from April 18-20 in Vietnam.
Vietnam, Laos, Cambodia promoted Development Triangle area since 2015
|
On the first day of negotiations, the trade representatives from the three countries said they hope to hammer out a resolution to all differences that remain and come to an agreement boosting commercial trade among the 13 border provinces soon.
The border provinces of the CLV are rich in natural resources and have great potential in agriculture and forestry they said, however, due to poor infrastructure, the region has been stymied in its past economic development.
The CLV Development Triangle Area covers four Cambodian provinces (Ratanakiri, Stung Treng, Mondulkiri, Kratie), four Lao provinces (Attapeu, Salavan, Sekong, Champasak), and five Vietnamese provinces (Kon Tum, Gia Lai, Dak Lak, Dak Nong, Binh Phuoc). These provinces are rich in natural resources and boast advantages for agricultural and forestry development.
Officials from the three countries are to focus on resolving remaining difficulties and obstacles to soon reach consensus on clauses and finalise the agreement on schedule as set by leaders of the three countries. The agreement is expected to boost trade activities and goods movement among 13 provinces in the triangle of the three countries.
Officials also hope the deal will allow relevant localities to make full use of their potential and advantages as well as promote economic cooperation and investment in the development triangle in particular and the three countries in general.
16:27, 2024/04/19
Vietnam among Asia-Pacific's fastest growing economies: FedEx
The Southeast Asian market is growing faster than many other regions worldwide.
15:49, 2024/04/17
Vietnam’s stock market remains attractive investment channel: Expert
Given favorable macroeconomic conditions, combined with the expected rate cut by the Federal Reserve (Fed), the stock market is believed to experience strong growth.
15:19, 2024/04/16
Cuba appreciates Vietnam’s support in food and fisheries production
Both sides aim to further promote trade, investment relations, and cooperation in areas of mutual interest, such as agriculture, construction, education, pharmaceuticals, science and technology, among others.
12:38, 2024/04/13
Vietnam, China to step up cooperation strategy for mutual development
Both sides are expected to build a bridge over the Red River in the border area of Bat Xat, Lao Cai (Vietnam), and Ba Sai, Yunnan (China), among other initiatives.
17:04, 2024/04/12
PM orders urgent measures to address volatile gold prices
The measures are aimed at ensuring a stable and efficient gold market.
17:58, 2024/04/10
Vietnam earns US$1.4 billion from rice exports in Q1
Vietnam is targeting $5 billion in rice exports this year. The country currently ranks third in the world in terms of rice exports.
- Russia’s Zarubezhneft Group explores opportunity for offshore wind projects in Vietnam
- Vietnam poised to reap rewards of rebound in global demand: AMRO
- India, Vietnam seek strong development objectives: Ambassador
- Vietnam’s economy set for speedy recovery in latter half of 2024
- Vietnam, S.Korea businesses cooperate to promote hi-tech in construction sector
- Vietnam seeks to boost strategic partnership with France: PM