Laos mulls measures to improve investment climate-Xinhua

Laos mulls measures to improve investment climate

Source: Xinhua

Editor: huaxia

2024-06-18 17:37:15

VIENTIANE, June 18 (Xinhua) -- The Lao government, the private sector, and development partners discussed the critical issues affecting trade and investment, building consensus on necessary measures to remove investment climate constraints.

The 22nd Trade and Private Sector Working Group meeting hosted by the Lao Ministry of Industry and Commerce here has provided updates on ongoing reforms to improve the trade and investment environment, according to the ministry's report on Tuesday.

Speaking at the meeting on Friday, Lao Deputy Minister of Industry and Commerce Manothong Vongsay said the Lao government has pledged to implement several important business-enabling reform measures, including revisions to the investment promotion law and enterprise law and the relevant regulations and guidelines.

Trade and Private Sector Working Group is one of the 10 sector working groups under the Round Table Process and is the main forum for policy dialogue between the Lao government and development partners.

The working group meetings are organized semi-annually to address issues related to trade policies, investment promotion, infrastructure development and other matters that affect the private sector and trade within the country.