ID :
44403
Fri, 02/06/2009 - 10:13
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Shortlink :
https://oananews.org//node/44403
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Laos’ access to WTO is unpredictable
Laos’ access to WTO is unpredictable
(KPL) Minister of Industry and Commerce said Laos’ access to the World Trade Organisation is unpredictable although a number of rounds of talks with the WTO members have been reached.
“Before accessing WTO Laos has to complete all its plans and existing regulations and laws are necessary to be adapted according to the international environment,” said Dr. Nam Viyaketh.
However, said Dr. Nam, at the fifth working group meeting being held early this year the government will present document on its trade in service.
The minister admitted that the trade in service is sensitive as it involves various sectors.
The member states have prioritised Laos’ access to the world body as they acknowledge that Laos is a least developed.
However among various areas, banking and finance, insurance and communication are subjected for the protection by the Lao government.
Laos has been awarded generalised system preferential from the European Union and other countries but its access to international markets is not guaranteed and stable.
(KPL) Minister of Industry and Commerce said Laos’ access to the World Trade Organisation is unpredictable although a number of rounds of talks with the WTO members have been reached.
“Before accessing WTO Laos has to complete all its plans and existing regulations and laws are necessary to be adapted according to the international environment,” said Dr. Nam Viyaketh.
However, said Dr. Nam, at the fifth working group meeting being held early this year the government will present document on its trade in service.
The minister admitted that the trade in service is sensitive as it involves various sectors.
The member states have prioritised Laos’ access to the world body as they acknowledge that Laos is a least developed.
However among various areas, banking and finance, insurance and communication are subjected for the protection by the Lao government.
Laos has been awarded generalised system preferential from the European Union and other countries but its access to international markets is not guaranteed and stable.
