1. The Eighth Cambodia – Lao PDR – Myanmar – Viet Nam (CLMV) Economic Ministers’ Meeting (EMM) was held on 6 August 2016 in Vientiane, Lao PDR. The Meeting was chaired by H.E. Mrs. Khemmani Pholsena, Minister of Industry and Commerce, Lao PDR.
2. The Ministers noted the favourable growth of combined CLMV’s merchandise trade in the past ten years, not only in terms of trade value but also as percentage of ASEAN’s total trade. In 2015, combined merchandise trade amounted to US$ 385.5 billion and contributed 16.9% to ASEAN’s total trade, compared with 14.1% in 2014. In the same period, foreign direct investment into the four countries totalled US$17.4 billion, which constituted 14.6% of total inward direct investment to ASEAN.
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