Lao People's Democratic Republic
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Concluding Remarks by the Chairperson of the Trade Policy Review Body, H.E. Mr Manuel A.J. Teehankee of the Philippines at the Trade Policy Review of Lao People’s Democratic Republic, 18 and 20 November 2019.
The first Trade Policy Review of Lao PDR has offered us a good opportunity to deepen our understanding of recent developments in and challenges to its trade economic and investment policies. Since its accession in 2013 Lao PDR’s initiatives to further integrate into the Multilateral Trading System and take advantage of the opportunities it offers have been greatly appreciated. Indeed the about 200 advance written questions submitted by 12 Members and the 23 delegations that took the floor during the first day underline the importance attached by Members to Lao PDR’s trade and investment policies and practices.
Introduction
The Trade Policy Review Mechanism (TPRM) was first established on a trial basis by the GATT contracting parties in April 1989. The Mechanism became a permanent feature of the World Trade Organization under the Marrakesh Agreement which established the WTO in January 1995.
Trade Policy Review: Lao People’s Democratic Republic 2019
“Trade Policy Reviews” analyse the trade policies and practices of each member of the WTO. The reviews consist of three parts: an independent report by the WTO Secretariat a report by the government and the concluding remarks by the Chair of the WTO’s Trade Policy Review Body. The opening section - “key trade facts” - provides a visual overview of the WTO member’s major exports/imports main export destinations origins for its imports and other key data. This edition looks into the trade practices of Lao People’s Democratic Republic.