On September 8, as witnessed by Premier Li Keqiang and Prime Minister Thongloun Sisoulith of Laos, Minister Yu Guangzhou and Mr. Somdy Douandy, Vice Minister of the Ministry of Finance of Laos, signed the Arrangement between the General Administration of Customs of the People’s Republic of China and the Ministry of Finance of the Lao People’s Democratic Republic on Customs Facilitation in the capital city Vientiane of Laos.

The Agreement aims at boosting the China-Laos customs cooperation on the Belt and Road Initiative and deepening cooperation in fields such as “the Three Mutual Recognition” (mutual exchange of information, mutual recognition of controls, mutual assistance of enforcement), customs clearance, law enforcement, key bilateral projects, capacity building, ports and border management.