Laos plans regulatory reforms to boost trade at border crossings
The Ministry of Industry and Commerce will continue efforts to improve or remove unnecessary measures and regulations relating to exports and imports to bolster cross-border trade.
Officials in charge of trade facilitation met in Vientiane last week for the 2nd Trade Facilitation Committee Secretariat meeting to evaluate past achievements through regulatory reforms. The meeting also highlighted the progress made by the committee.
Another important objective of the meeting was to discuss the plan for implementing facilitation for cross-border trade from 2017-22 in line with Prime Ministerial Order No. 2. The meeting also discussed other issues in the draft of the prime ministerial order.
In his opening remarks, the Deputy Minister of Industry and Commerce, Mr Bounmy Manivong, said the ministry had been tasked by the government to take responsibility for cross-border trade, the 8th indicator out of 10 measured by the World Bank’s ease of doing business index.
Bounfaeng Phaymanivong
