BusinessFinance - Banking - MoneyLatest NewstradingUncategorized

Laos and Singapore Have Reaffirmed Partnership in Trade and Investment.

Source: Xinhua News

Laos and Singapore have reaffirmed their partnership in the fields of trade and investment during an official visit to Laos by a high-level Singaporean delegation.

Lao Deputy Minister of Foreign Affairs Thongphane Savanphet welcomed Singapore’s Permanent Secretary for Foreign Affairs Albert Chua and his delegation when they visited Laos on Oct. 12-13, according to a Laopattana report on Monday.

They co-chaired the inaugural Laos-Singaporean Bilateral Consultation meeting in Vientiane on Oct. 12.

During the meeting, the Lao side asked the Singapore government to encourage more Singaporean businesses to invest in Laos. Laos welcomes Singaporean investment in the fields of agriculture, green energy, tourism and hotels.

The two sides reviewed progress made in their joint endeavors in environmental protection, water source management, climate change, and the reduction of greenhouse gas emissions.

The two sides also exchanged views on regional and global developments.