Vietnamese, Lao provinces seek to boost cross-border trade

Optimal measures to facilitate cross-border trading of agricultural products and materials through Lao Bao-Densavan international border gate between Vietnam’s central Quang Tri province and Savannakhet provinces of Laos were discussed at a workshop held in Dong Ha city of Quang Tri on March 13.

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At the Lao Bao International Border Gate in Quang Tri province

Building common standards to ensure transparence of procedures and costs at the border gates along the East-West Economic Corridor and guide books on taxation in agricultural production and cross-border investment and business were on the table at the event, which was jointly held by Quang Tri and Savannakhet provinces, and the Mekong Institute.

Also, the participants pointed out factors that affect the circulation of agricultural products through the border gate, including the volume of goods, non-tax measures, cross-border cooperation, customs clearance procedures and transport infrastructure.

Nguyen Quan Chinh, Vice Chairman of the People’s Committee of Quang Tri province, spoke highly of the Mekong Institute’s study to promote cross-border trade and recommendations made by the participants at the workshop.

He said the study and recommendations will help the two governments build proper mechanisms and policies to boost economic activities along the East-West Economic Corridor.

Source: VNA