As per recent information available it has been indicated that Laos officially exported its first batch of rice to China, marking the start of rice exportation to China. A ceremony on the event was held in Laos’s southern Savannakhet province. In this regards Lao Minister of Agriculture and Forestry Phet Phomphiphak stated that the event reflects the relationship between Laos and China as “good neighbors, good friends, good comrades, and good partners.” Under the comprehensive cooperation between the two countries, more Lao rice will be exported to China. Further, he also narrated that his ministry will continue to support the export of Lao rice to China, and at the same time improve the quality of Lao agricultural products so as to upgrade the income of Lao people. He also said that Laos will expand agricultural plantation area and set up plantation regions. Laos hopes that more trade agreements on produce will be signed with China to export more rice, fruits and vegetables of Laos to Chinese market.
While, in this regard Xu Guowu, chairman of China’s Xuanye (Lao) Co., Ltd narrated that his company will actively participate in the “Belt and Road” initiative proposed by China to realize the development of Chinese enterprises at overseas markets, thus contributing to the exchanges between China and Laos in various fields. In March 2015, Xuanye (Lao) Co., Ltd was approved by China’s National Development and reform Commission to become sole exporter of Lao rice to China with quota of 8,000 tons. The Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) of China granted the approval for the export of Lao rice to China by Xuanye (Lao) Co., Ltd.