RCEP brings new economic opportunities to region, says Lao business leader-Xinhua

Daovone Phachanthavong, the vice executive president of the Lao National Chamber of Commerce and Industry, speaks in an interview with Xinhua in Lao capital Vientiane, Jan. 7, 2022. (Photo by Kaikeo Saiyasane/Xinhua)

By Chanthaphaphone Mixayboua, Zhang Jianhua

VIENTIANE, Jan. 8 (Xinhua) — The Regional Comprehensive Economic Partnership (RCEP) agreement, could bring great economic development opportunities to the region, and the agreement is very beneficial for Laos, said Daovone Phachanthavong, the vice executive president of the Lao National Chamber of Commerce and Industry (LNCCI).

Being part of the agreement would provide more market opportunities for Laos to expand production for export and promote the tourism sector, the LNCCI official told Xinhua in an interview here on Friday.

“Laos is very fortunate to build a community with a shared future with China and sign the RCEP…