Lao NEWS on LNTV: Lao & China agree on establishing a modern agriculture development zone.20/5/2015

VO Lao and China agree on establishing a modern agriculture development zone in Savannakhet province INTRO: Lao and China have agreed on establishing a modern agriculture development zone in Savannakhet province to produce quality rice products for export to the Chinese market. STORY: The memorandum of understanding on establishing the modern agriculture development zone signed in Vientiane between the Lao Ministry of Agriculture and Forestry's Agriculture Department, Savannakhet provincial Agriculture and Forestry Department, and Xuanye (Lao) Sole Co., Ltd. According to the MoU, the tripartite agreed on principles for establishing a modern agricultural development zone, with the integration of processing, maintenance, distribution of agriculture products, agricultural machinery servicing and trading, and an exchange centre of quality agricultural products to service exports to China. Technical teams from Laos and China will together identify potential areas then draft an economic feasibility study and submit it to the governments of the two countries for consideration. The event was witnessed by Deputy Minister of Agriculture and Forestry Associate Prof. Dr Khamphad Sourinphoumy and Hunan province's Commerce Department Director General Mr Xu Xiangping.