TITLE

Laos Gets Normal Trade Relations From the US

PUB. DATE
April 2005
SOURCE
Asia Monitor: South East Asia Monitor Volume 1;Apr2005, Vol. 16 Issue 4, p7
SOURCE TYPE
Country Report
DOC. TYPE
Country Report
ABSTRACT
This article reports that the granting of normal trade relations to Laos by the U.S. represents a major political and economic boost for the government. In December 2004, U.S. President George W. Bush signed into law legislation granting Laos normal trade relations (NTR) status. In the absence of NTR, the average tariff on Lao imports to the U.S. was 46.5 percent. Since NTR was granted, it has fallen to an average of 2.4%. Negotiations on a bilateral trade accord go back to 1997 but progress has been derailed by concerns in the U.S. about the human rights situation in Laos.
ACCESSION #
16606168

 

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