Lao business leader says RCEP deal to promote intra-region free trade-Xinhua

Bounleuth Luangpaseuth, vice president of the Lao National Chamber of Commerce and Industry (LNCCI), speaks in an interview with Xinhua in Vientiane, Laos, Dec. 29, 2021. (Photo by Phouthaphone Sirivong/Xinhua)

by Zhang Jianhua, Chanthaphaphone Mixayboua

VIENTIANE, Dec. 30 (Xinhua) — The Regional Comprehensive Economic Partnership (RCEP) agreement, which will take effect on Jan. 1, 2022, is of great significance to promote free trade in the region, a Lao business leader said.

“The RCEP would promote trade and attract investments to all participants in ASEAN indeed. The entry into force of the agreement is of great significance for further promoting intra-region free trade,” Bounleuth Luangpaseuth, vice president of the Lao National Chamber of Commerce and Industry (LNCCI), told Xinhua on Wednesday.

“Goods and services could be more freely traded. It will have a significant impact…