Banana continues to be a top earner among Laos’s agricultural products exported to China though the Southeast Asian nation’s government stopped granting licences for developing more banana plantations.
Hanoi (VNA) – Banana continues to be atop earner among Laos’s agricultural products exported to China though the SoutheastAsian nation’s government stopped granting licences for developing more bananaplantations.
Statistics from the Lao Ministry of Industry and Trade show that the nation’s bananaexport value to China hit 116 million USD in the first seven months of 2020.Last year, the figure reached 185.6 million USD.
In 2020, the Laos – China trade is strongly affected by the COVID-19 pandemic.However, exports of goods, especially banana, are still stable thanks to goodnegotiation and cooperation between the two countries' officials.
The agricultural development strategy of Laos until 2025 clearly states thatbanana is one of the key contributors to the country’s export turnover,bringing job opportunities and generating table incomes for local residents, andcontributing to the country’s poverty reduction effort.
But some plantations harmed the environment because of a lack of management bythe authorities, incomplete land allocation, and lax business registration. Forthis reason, traders and investors were encouraged to enter into contracts withfarmer households to grow the crop./.
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Illustrative image (Photo: Internet) 
