Cambodia, Laos, VN Vow To Further Deepen Comprehensive Cooperation | Lao Tribune

Cambodia, Laos, VN Vow To Further Deepen Comprehensive Cooperation

The Prime Ministers of Cambodia, Laos and Vietnam (CLV) have reaffirmed their commitment to further deepening comprehensive cooperation among the three countries and building integrated, sustainable and prosperous CLV economies, an indispensable part of the ASEAN Community Vision 2025.

The three PMs signed a Joint Declaration on the CLV Development Triangle Area cooperation at the end of the 10th CLV Summit in Hanoi on March 31.

In their Joint Declaration, the three premiers appreciated that the traditional relationship of friendship, solidarity, good neighborliness and comprehensive cooperation among the three countries has significantly contributed to the development of each country and to peace, stability and prosperity of the whole region.

They noted with satisfaction the significant progress made in the implementation of the revised Master Plan for the Socio-Economic Development of the CLV Development Triangle Area (DTA) for 2010 – 2020 as well as cooperation activities and programmes in various areas among the three countries.

They recognized that while CLV countries have become one of the fastest growing sub-regions and important achievements have been made in socio-economic development, the three countries are still facing many challenges in ensuring that the economic growth is sustainable and inclusive, in addressing the adverse impacts of climate change and narrowing the development gap within ASEAN Member States.

The leaders understood that to maintain the growth momentum, CLV countries must be steadfast in their regional integration, economic restructuring and improving business environments; it’s also imperative for CLV countries to capitalize on opportunities presented by the 4th industrial revolution.

The leaders underlined the need for better connectivity among CLV economies to enhance economic competitiveness, effectively engage in the regional and global value chains and jointly address challenges.

They reaffirmed commitment to further deepening comprehensive cooperation among the three countries and building integrated, sustainable and prosperous CLV economies, an indispensable part of the ASEAN Community Vision 2025, through collective efforts and appropriate national policies.

The three countries pledged to continue to attach great importance to the development of border provinces in the CLV DTA and narrowing the development gap within ASEAN Member States.

The leaders commended the efforts of the CLV Joint Coordination Committee (JCC) in the implementation of the Revised Master Plan for the Socio-Economic Development of the CLV DTA for 2010 – 2020 as well as other guidance and decisions made at the 9th CLV Summit.

These efforts have led to positive changes in people’s living standards and level of the development in the CLV DTA.

To deepen economic integration, enhance competitiveness and maintain the growth momentum of CLV economies, the prime ministers endorsed the Action Plan for Cambodia – Laos – Viet Nam Economic Connectivity up to 2030 to serve as a guiding document for CLV cooperation, including institutional, infrastructure and economic, and people-to-people connectivity.

They reaffirmed the importance of ensuring security, safety and stable environment for investors, businesses and people in the CLV DTA.

They pledged to further strengthen cooperation in preventing and combating cross-border crimes, illegal trade, including logging, drug and human trafficking, and terrorism; continue the clearance of unexploded ordnance (UXO) and explosive remnant of war in the CLV DTA.

The prime ministers also committed to work together to promote trade and investment in the CLV DTA in accordance with the Agreement on Trade Promotion and Facilitation in the CLV DTA and the Agreement on the Promotion and Protection of Investment and tasked the JCC to coordinate with other agencies to prepare the Action Plan for the implementation of these Agreements.

Source: Lao News Agency