Regional Integration
http://www.unlao.org/Country%20Background/page.htm

Lao PDR is increasing its integration, both regionally and globally. Sub-regionally, Lao PDR is an active partner in the emerging Greater Mekong Sub-Region (GMS) Economic Cooperation Program. The GMS program has strategic importance in terms of potential exports to neighbouring countries, the development of transport corridors and the sustainable development and management of the Mekong River. Given that most trade and foreign investment relations are with these countries, including the sale of hydropower, ongoing GMS initiatives are supported strongly by Lao PDR. Lao PDR also participates in the Mekong River Commission (MRC), which explores opportunities for regional cooperation in the Mekong River Basin. On a broader regional and global level, Lao PDR joined the Association of Southeast Asian Nations (ASEAN) in 1997 and will join the ASEAN Free Trade Area (AFTA) in 2008. A range of global trade concessions and agreements (discussed in the CCA trade section) are in place or under negotiation, significantly expanding export opportunities for Lao PDR. Foreign Direct Investment (FDI) levels are variable but substantial (relative to the size of the economy). In 1997, Lao PDR applied for the WTO membership and is presently in the process of accession. The membership of WTO will open up the country's economy wider and help to accelerate the economic reform process. Furthermore, it has also joined the Integrated Framework for Trade Related Technical assistance, which aims to strengthen its export competitiveness.

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