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Opening 4th negotiation round on CLV trade agreement
Thu Minh 14:24, 2016/04/19
The fourth negotiation round on the Trade Promotion and Facilitation Agreement in the Cambodia-Laos-Vietnam Development Triangle Area was organised in Buon Ma Thuot city of Vietnam`s Dak Lak province on April 18.
At the meeting, delegates from Cambodia, Laos and Vietnam focus on resolving remaining difficulties and obstacles to soon reach consensus on clauses and comlete the agreement as scheduled set by leaders of the three countries. 
The Trade Promotion and Facilitation Agreement in the Cambodia-Laos-Vietnam (CLV) Development Triangle Area is expected to boost trade activities and goods movement among 13 localities in the triangle of the three countries. 
Buon Ma Thuot city of Vietnam's Dak Lak province is located in the Cambodia-Laos-Vietnam development triangle area.
Buon Ma Thuot city of Vietnam's Dak Lak province is located in the Cambodia-Laos-Vietnam development triangle area.
Participants also hope the agreement will permit relevant provinces 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. 
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 own advantages for agricultural and forestry development. 
However, underdeveloped infrastructure has limited trade and development in the area. 
The fourth negotiation round will run through April 20.
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