Trade and Economic Cooperation
Belarus considers Laos as an important area of foreign trade policy in Southeast Asia.
Trade turnover between the Republic of Belarus and the Lao People’s Democratic Republic
in thousand dollars USD
|
|
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
|
Turnover |
2 492,6 |
11,8 |
155 |
13 056,7 |
5 439,4 | 7141,1 |
|
Exports |
2 480,3 |
0 |
117,6 |
13 033,6 |
5 383,7 | 7054,3 |
|
Imports |
12,3 |
11,8 |
37,4 |
23,1 |
55,7 | 86,8 |
|
Balance |
2 468 |
-11,8 |
80,2 |
13 010,5 |
5 328 | 6967,5 |
The main article of Belarusian export to Laos is control devices and measuring equipment. Laos exports footwear and textiles to Belarus.
The Belarusian-Lao Joint Commission on Bilateral Cooperation is functioning. Its co-chairs are Chairman of the Board of the Development Bank of the Republic of Belarus S. Stolyarchuk and Minister of Planning and Investment P. Phomphiphak. The 3rd meeting of the commission was held in Minsk on July 12-14, 2017.
