MOA and MOU signing to reduce glasshouse slavery

On June 25, 2024 at Supatra Hotel, Vientiane Capital, Lao PDR, there was a ceremony of signing "Development Cooperation (MOA) and Memorandum of Understanding (MOU) between the Ministry of Agriculture and Forestry and Chaleun Sekong Carbon Co., Ltd. with the honor to attend of Mr. Salemxay Kommasit, Deputy Prime Minister, Minister of Foreign Affairs, Mr. Phet Phompithak, Minister of Planning and Investment, Mr. Linkham Duangsavanh Ratmo Minister of Agriculture and Forestry together with Deputy Ministers, Governor-Deputy and guests are cordially invited to attend

In such a ceremony there are :

1) Signing of Development Cooperation (MOA) project to reduce the release of                  slavery from deforestation and  to launch reforestation project (Phase II)

2)Signing the Memorandum of Understanding (MOU) to study the feasibility of                  developing a project to reduce slavery from deforestation and to launch                        reforestation project (Phase III)

3)Signing of Memorandum of Understanding (MOU) to discuss and research on the        establishment of a cooperative company to manage Trade and Sale of Carbon          Credit for supporting the determination and implementation of the necessary              laws for the development of the Forest Carbon Credit Project platform to reduce          deforestation and sustain the three national forest areas: the only mountainous          national forest (cover Champasak, Salavan, Attapeu) and the national forest of          Namkong-Xexu and Xekong-Xekhaman.

The signing of this partnership is an important step which will help preserve and rehabilitate forests especially in authorized areas to be successful and sustainable, increasing forest areas across the country, creating economic value and jobs for local tribes. At the same time, it will be another gesture making Lao PDR plays an important role in contributing and supporting implementation of its agreement with the international climate change platform such as the Paris Agreement in order to help retain the world's average temperature from rising more than 2 degrees.