CLMV leaders affirm trade, investment cooperation

The 7th Cambodia, Laos, Myanmar and Vietnam (CLMV) Summit in progress at Myanmar International Convention Centre (1) in Nay Pyi Taw on 22 June
The 7th Cambodia, Laos, Myanmar and Vietnam (CLMV) Summit in progress at Myanmar International Convention Centre (1) in Nay Pyi Taw on 22 June.

The 7th Cambodia, Laos, Myanmar and Vietnam (CLMV) Summit kicked off Monday in Nay Pyi Taw, with the neighboring countries reaffirming their commitment to peace, stability and prosperity in Southeast Asia.
In his opening address, President U Thein Sein expressed his delight in the achievements of the four countries in the last 12 years, noting that the total trade of CLMV increased from 12.4 percent of the ASEAN’s total trade volume in 2013 to 14.1 per cent in 2014.
Also present were Samdech Akka Moha Sena Padei Techo Hun Sen, Prime Minister of the Kingdom of Cambodia, Mr Thongsing Thammavong, Prime Minister of the Lao People’s Democratic Republic, Mr Nguyen Tan Dung, Prime Minister of the Socialist Republic of Vietnam  and Mr Le Luong Minh, Secretary-General of ASEAN.
CLMV countries started economic cooperation in 2004 with a view to narrowing the development gap among ASEAN countries.
President U Thein Sein thanked CLMV economic ministers for their efforts toward smooth regional trade in accordance with the ASEAN Blueprint and ahead of the establishment of the ASEAN Community by the end of 2015.
He also stressed the importance of stepping up efforts for the “Four Countries, One Destination” program agreed upon by the CLMV countries, affirming the agreement on establishment of sister cities and promotion of human resource development.
In the joint statement of the summit, the leaders of CLMV countries reiterated their commitment to implementing all existing agreements between and among members in order to promote trade and investment.

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