Friday, 7 November 2008

4th Cambodia-Laos-Myanmar-Vietnam Summit closes in Hanoi

People's Daily Online
November 06, 2008

The 4th Summit of Cambodia, Laos, Myanmar and Vietnam (CLMV) closed in Hanoi on Thursday after issuing a joint statement.

According to the joint statement, the four countries will work together to facilitate trade and investment, and further strengthen cooperation on transport, agriculture, industry and energy, tourism and human resources development.

"CLMV will strengthen close coordination in trade and investment promotion through organizing trade fairs in member countries to increase trade and investment flow within the four countries," said the statement.

The four countries will facilitate investment by the CLMV investors in terms of licensing, labor procedures and others in areas including agro-industries, industrial crop processing, mineral industries, hydropower, infrastructure development, logistics and services, the statement said.

Leaders attending the summit have agreed in the statement to encourage development of air linkages among major cities, cultural and natural heritage sites in the four countries to expand trade, investment and tourism flows.

The statement reaffirmed that efforts of the CLMV countries were the decisive factor in their respective development and integration. It also said support and assistance from the international community are highly appreciated.

It called on members of ASEAN (Association of Southeast Asian Nations) and concerned development partners to substantiate their assistance to complement the resources in CLMV for development and integration.

The one-day summit is attended by Cambodian Prime Minister Hun Sen, Lao Prime Minister Bouasone Bouphavanh, Myanmar Prime Minister General Thein Sein, Vietnamese Prime Minister Nguyen Tan Dung and representative from the ASEAN Secretariat.

Source: Xinhua

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