Vientiane: The event, organized by the National Institute for Economic and Social Sciences (LASES) in partnership with the Australian Embassy, focused on 'Strengthening Economic Resilience Amid Geoeconomics' and brought together policymakers, academics, researchers, and development partners to discuss strategies for addressing regional and global economic challenges.

According to Lao News Agency, LASES Vice President Dr. Sthabundith Insisienmay opened the seminar by addressing the rapidly changing international environment, including tensions in the Middle East and shifting global trade dynamics. He emphasized the need for countries to strengthen cooperation and build more resilient economies. The event was noted as the third in a series of joint seminars between LASES and the Australian Embassy.

Australian Ambassador to Laos Megan Jones highlighted the 74-year diplomatic relationship between the two countries. She emphasized that economic resilience is essential for sustaining growth and responding to external shocks. Ambassador Jones noted that Australia sees significant opportunities to deepen cooperation with Laos in areas such as clean energy, sustainable agriculture, resilient food systems, and responsible mining. She also mentioned continued support for transport connectivity, trade facilitation, public financial management, and economic governance.

The seminar featured presentations on Laos' macroeconomic outlook, the impact of Middle East developments on the Lao economy, regional geopolitical challenges, and Australia's policy approaches to strengthening economic security. Participants exchanged views on practical measures to enhance regional cooperation and improve resilience against global economic disruptions.

The event concluded with discussions aimed at promoting continued collaboration between Lao and Australian experts and institutions to support sustainable and inclusive economic development.