Outsiders fight for Laos 'pie' as it joins WTO

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Outsiders fight for Laos 'pie'

Published: 31 Jan 2013 at 11.07
Online news: Marketing

VIENTIANE - Laos joins the World Trade Organisation on Saturday, a major step for the small communist country but one that experts say may not break its powerful neighbours' stranglehold over its economy just yet.

Industry and Commerce Minister Nam Viyaketh (left) is handed a placard with his country's name by World Trade Organisation (WTO) director general Pascal Lamy during a signing ceremony last October which confirmed Laos as a new member of the international organisation. (AFP Photo)

Fifteen years after it first sought membership of the global trade mediator, Laos finally wrapped up negotiations late last year, having adopted dozens of new laws on investment, regulation and intellectual property.

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patchar
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Discussion 2 : 31 Jan 2013 at 12.592
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Laos is a small country surrounded by countries with strong economy. This move really can help Laos to be a strong contender as the next Tiger in ASEA. Thailand may start to feel a bit worry as Laos will certainly get a pie in tourism as well as in investments.
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siamitude
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Discussion 1 : 31 Jan 2013 at 11.261
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Human rights first, economy second!
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Outsiders fight for Laos 'pie' as it joins WTO | Bangkok Post: business