Laos has established economic zone with China, which is known as Loas Boten Economic Special Zone. Laos Boten Economic Special Zone is located in the heartland of Indo-China Peninsula and borders on China, it is standing at the transportation hub of Indo-China Peninsula Economic Corridor and is gradually growing into an emerging hotbed for CAFTA and GMS. On August 31, 2015, governments of China and Laos officially entered into Overall Plan on Construction of China Laos Boten-Motin Economic Cooperation Zone. On November 28, 2016, both governments officially entered into Overall Plan on Co-development of China Laos Boten-Motin Economic Cooperation Zone (Outline). Establishment of China Laos Boten-Motin Economic Cooperation Zone is a major milestone for economic and trade cooperation between the two countries.
Most people living in here are ethnic Chinese and many countries are thus founded by the ethnic Chinese. In 2019, a generic drug company was opened. It is Laos ElementoPharma, our protagonist today. It is abbreviated as ElementoPharma. Thanks to relevant laws on production of generic drugs in Laos and with vigorous support by local government, it is quite a fitting place for building a pharmaceutical plant. Thanks to its superior geological environment, governmental backup and dwelling of myriads ethnic Chinese that offer handy communication, this enterprise has whopping prospects.