February 2004
Asia Monitor: South East Asia Monitor Volume 1;Feb2004, Vol. 15 Issue 2, p1
Country Report
Country Report
This article presents information about business environment in Laos. Laos aims to join the Association of South East Asian Nations free trade area by 2006. The government is making preparations to ensure entry, including a policy of lowering import tariffs. It has until 2008 to lower tariffs to below 5% and reductions are taking place each year. In an effort to attract more foreign direct investment, changes to the investment approvals regime are also taking place, including plans to allow provinces more autonomy in approving foreign investments and a pledge to reduce overstaffing at state owned banks.


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