10 Jan 2018
Five-Year Plan of Action on Lancang-Mekong Co-operation (2018-2022)
The Five-Year Plan of Action on Lancang-Mekong Co-operation, as signed by the six Lancang-Mekong Co-operation member countries (China, Cambodia, Laos, Myanmar, Vietnam and Thailand) endorsed greater connectivity and heightened collaboration between the Belt and Road Initiative, ASEAN 2025: Forging Ahead Together and the Master Plan on ASEAN Connectivity 2025. This endorsement has been seen as a clear prioritisation of the socio-economic development of the countries along the Lancang-Mekong River. Among the specific measures to be implemented is the establishment of a series of pilot cross-border economic co-operation zones, the lowering of non-tariff trade barriers, the formation of a Lancang-Mekong River Business Council and the joint organisation of future international trade fairs / expos. A commitment was also made to working towards greater customs and quality inspection co-operation, as well as to addressing the need for product standards convergence.
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