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WTO Entry Offers Legal, Regulatory Benefits to Laos

By: Clouse, Thomas | Global Finance, December 2012 | Article details

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WTO Entry Offers Legal, Regulatory Benefits to Laos


Clouse, Thomas, Global Finance


LAOS

The Lao People's Democratic Republic will take the final step in its 15-year campaign to join the World Trade Organization (WTO) this month when the country's legislature ratifies its membership agreement.The small, landlocked southeast Asian nation will become the 158th member of the WTO and the final country of the Association of Southeast Asian Nations (ASEAN) to join. The WTO approved Laos's application in late October, and the country will officially join 30 days after the government ratifies its membership agreement.

Laos's economy has grown at an average rate of 8% since 2006 and will likely expand by 8.3% this year, according to estimates from the International …

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