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The President of the Lao People’s Democratic Republic has issued Decree No. 081/PO, dated 3 February, 2014 on the promulgation of Article 19 (amended) to replace Article 19 (old) of the Law on Value Added Tax No. 04/NA, dated 26 December, 2006. ...Read
Department of Standardization and Metrology, Ministry of Science and Technology on behalf of the National Standard Agency has completed the improvement and endorsed the National Standard List officially. ...Read
The Ministry of Agriculture and Forestry has issued an instruction on the import requirements for dried tobacco leaf from Lao PDR to the Kingdom of Thailand, in order to ensure that the export of dried tobacco leaf from Lao PDR to Thailand accurately complies with Thailand’s importing measures and to avoid a negative impact on the export of Laos PDR’s agricultural products. ...Read
The Department of Import and Export, Ministry of Industry and Commerce on behalf of the office of the Trade Facilitation Secretariat (TFS) organized the Third Trade Facilitation Secretariat meeting on 3rd February, 2014 at the Lao Plaza Hotel, Vientiane Capital. The meeting hosted under the honourable chairmanship of Mrs. Khemmany Polsena, Deputy Minister, Ministry of Industry of Commerce, who is also the Head of the National Trade Facilitation Secretariat. And the more than 50 participants attended to the meeting, they are members of the National Trade Facilitation Secretariat from Department of Agriculture, Department of Livestock and Fisheries Ministry of Agriculture and Forestry, Department of Food and Drug Ministry of Health, Department of Customs, Department of Taxation Ministry of Finance, Department of Transport Ministry of Public Work and Transport, Department of Standard and Measure, Department of Intellectual Property Ministry of Science and Technology, Department of Treaties and Law Ministry of Foreign Affairs, Department of Printing Ministry of Information Culture and Tourism, Department of Import and Export Ministry of Industry and Commerce, Bank of Lao, National Chamber of Industry and Commerce....Read
The Department of Foreign Trade Policy, Ministry of Industry and Commerce together with the World Trade Organization (WTO) held a meeting to disseminate the Sanitary and Phytosanitary Measures (SPS) agreement and Technical Barriers to Trade (TBT) agreement in order to strengthen understanding of Non-Tariff Measures (NTMs) for Government authorities and business sectors on import-export with WTO member countries and also to increase the speed with which Lao improves its production and processing methods in order to eradicate existing obstacle on exports. ...Read
Over the last year, despite Lao PDR developing trade facilitation and investing in infrastructure development, export did not meet with expectations and import demand was higher than exports, resulting in a trade deficit of US$900 million....Read