Laos: Banana exports drop due to tightened regulations
The drop in exports comes after the government called a halt to the establishment of large scale banana plantations in a bid to prevent environmental impacts, with local authorities also taking stricter actions against banana farms.
Laos earned almost US$125 million from banana exports in Q1 and Q2 this year, while last year’s figure for the same period was over US$137.5 million, according to the Ministry of Industry and Commerce.
The ministry noted that over the past four years, the value of banana exports increased from US$61.5 million in 2013 to US$197.8 million last year.
The government is taking tougher action to regulate manufacturing plants and those that were responsible for high levels of pollution have been ordered to shut down.
source: elevenmyanmar.com
