Cambodia, Laos, Vietnam discuss policy for development triangle

Cambodia, Laos and Vietnam reached unanimity in developing mechanism and policy to give incentive to their development triangle at a meeting wrapped up yesterday in the Central Highland province of Gia Lai.

The two-day conference was jointly chaired by Cambodian Senior Minister and Minister of Commerce Cham Prasidh, Head of the Lao Committee for Planning and Development Sulivong Dalavong, and Vietnamese Minister of Planning and Investment Vo Hong Phuc.

The discussions focused on creating favorable conditions for people's activities, transport, business and trade as well as investment in the triangle, which must go hand in hand with other regions in the process of international integration.

The three co-chairmen agreed on preferential tariff imposed on many kinds goods essential for daily life and production of the people in the three countries, facilitating cross-border transport by applying simple procedures for products produced by in the region.

They also placed importance to calling for investment from outside into the triangle and promoting cooperation in various fields.

The three co-chairmen agreed to convene the 2nd meeting of the coordination committee between the three countries in Cambodia in February 2008.

At the conference on investment promotion in the triangle held in Kon Tum province also in Vietnam’s Central Highlands last month, Japan pledged US$20 million to build infrastructure facilities in the region.

Source: VNA