Laos is embarking on a significant initiative to enhance its agricultural exports to China, leveraging the strategic China-Laos Railway. This move is part of a broader effort to promote sustainable agricultural practices and boost the nation's economy.
The Lao Ministry of Agriculture and Forestry has announced a collaboration with the Australian Center for International Agricultural Research (ACIAR) and the Global Green Growth Institute (GGGI). Together, they aim to explore avenues to increase the export of agricultural products to the Chinese market through the project titled “Assessing Policy Enhancements for Sustainable Agriculture Linked to the China-Laos Railway”.
The project seeks to develop policy recommendations that will enable the Lao government to fully utilize the China-Laos Railway for expanding agricultural exports to China. Simultaneously, it focuses on promoting sustainable agricultural practices within Laos, ensuring long-term environmental and economic benefits.
Key commodities identified for export include cassava, rubber, bananas, and sugarcane. Additionally, local governments have expressed significant interest in exporting cattle, signaling a diversification of agricultural trade.
According to a report by Lao National Radio on Thursday, the China-Laos Railway has already demonstrated its potential. In the first five months of 2024, the railway transported 2.3 million tons of freight, marking a 31% increase compared to the same period in 2023. This surge underscores the railway’s capacity to facilitate increased trade between the two nations.
The China-Laos Railway, inaugurated in December 2021, serves as a vital link connecting Laos to the extensive Chinese rail network. This connection not only opens up opportunities for Laos to access the vast Chinese market but also strengthens economic ties within the ASEAN region.
By harnessing the capabilities of the China-Laos Railway and fostering sustainable agricultural development, Laos is positioning itself as a key player in regional trade. The collaboration with international organizations like ACIAR and GGGI reflects a commitment to sustainable growth and economic advancement.
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Laos seeks to boost agricultural exports via China-Laos Railway
cgtn.com
