"Malaysia and Laos have made significant progress in strengthening bilateral relations in recent months. Both countries have now upgraded their diplomatic representation to the level of Ambassadors, resident in the respective capitals. This, in itself, reflects our joint commitment towards fostering closer relations. I am pleased to note that there is now an increasing number of Malaysians visiting Laos. Some have been actively exploring the business and investment opportunities there. I do hope that Laotians will likewise also visit Malaysia to look at the various opportunities available here. Today, Malaysia and Laos have signed three agreements, namely the Air Services Agreement, the Investment Guarantee Agreement and the Economic, Scientific and Technical Cooperation Agreement. These would form a good basis for future cooperation in various fields. I do hope that these agreements would provide the impetus for good and mutually beneficial economic cooperation between Malaysia and Laos.At the same time, I think we should take steps to promote all forms of bilateral cooperation. We have followed with keen interest the many positive changes taking place in Laos. The implementation of policies oriented towards a free market economy may initially encounter difficulties. Notwithstanding these problems I am confident that Laos will successfully achieve the desired objectives. I understand that some good results have already been achieved since your Government began to implement this policy. On our part, as a friend and neighbour of Laos, Malaysia stands ready to cooperate in areas where we have the experience, expertise and means consistent with our active support for and commitment towards greater South-South cooperation."