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SIEM REAP, Cambodia Cambodia and Laos have lauded their relations and agreed to further promote their bilateral trade exchange, Agence Kampuchea Presse (AKP) reported.

The agreement was made by Cambodian Prime Minister, Hun Sen and his Lao counterpart, Thongloun Sisoulith during their bilateral meeting here Wednesday evening on the sidelines of the 3rd Mekong River Commission (MRC) Summit hosted by Cambodia.

Assistant to the Cambodian Prime Minister, Eang Sophalleth, said both leaders vowed to increase the scope of cooperation in the fields of trade, investment and tourism.

Sisoulith expressed his concern over the decreasing bilateral trade between the two neighbouring nations from the current US$20 million.

Meanwhile, Hun Sen suggested the study on avoidance of double taxation as Cambodia has signed such agreement with Vietnam, and requested the Lao side to check the possibility of electricity supply to Cambodia which will contribute to boosting trade, investment and the close relationship between the two countries.

Source: NAM News Network