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Eastern Economic Forum

Russia, Laos reach total trade volume of over $90 mln — republic’s Prime Minister

Sonexay Siphandone invited Russian companies to come to Laos and use the opportunities in the country

VLADIVOSTOK, September 4. /TASS/. Total trade volume between Russia and Laos has exceeded $90 mln, Prime Minister of the Lao People's Democratic Republic Sonexay Siphandone said.

"In terms of trade with Russia, the total volume has exceeded 90 million dollars since 2013," he said during the Russia-Laos business dialogue at the Eastern Economic Forum (EEF).

Laos exports aircraft parts, footwear, clothing, coffee, tea, and wood products to Russia, the premier said. In turn, the country imports mechanical equipment, cellulose, spare parts for aircraft, plastic, vehicles, nuclear industry products, and other goods from Russia.

Siphandone invited Russian companies to come to Laos and use the opportunities in the country.

The 10th Eastern Economic Forum is taking place in Vladivostok from September 3 to 6 under the theme "The Far East: Cooperation for Peace and Prosperity." The business program features more than 100 thematic sessions divided into seven tracks. The forum has brought together over 4,500 participants from more than 70 countries and territories. The Roscongress Foundation is the organizer of the EEF, with TASS as its general information partner.

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