Exporting into Laos – Laos joins World Trade Organisation (WTO)

Home » Blog » Exporting into Laos – Laos joins World Trade Organisation (WTO)

Australian Trade and Competitiveness Minister Craig Emerson has welcomed Laos as the 158th member of the World Trade Organization (WTO). Australia supported Laos’s bid to join the WTO, serving two terms as Chair of the Working Party for Laos’s accession and providing technical assistance.

Dr Emerson said domestic reforms implemented as part of the joining the WTO had already benefited the Lao people.

“Now, as a Member of the WTO, they will enjoy the security of international trading rules, while reaping the benefits of further domestic economic reform,” he said.

Laos has agreed to lower its import tariffs on goods, including exports of Australian specialised machinery, parts and pumps as part of its membership.

Greater trade in these products will help Laos and Australia link into rapidly growing value chains in Asia, Dr Emerson said.

2M Director Tea Dietterich was recently in Laos meeting with Australian exporters in the Boloven Plateau region. “This is good news for our exporting clients and we expect to see an increased demand in language services into Lao language.”

For more information on translations into Lao, please contact us.

Related Articles

Introducing 2M Language AI

At 2M, we strive to make language accessible and timely to anyone, located anywhere.  Launching today, 2M …

Read more

Meet 2M at IMARC 2023

One week until IMARC 2023. If you are attending and want to meet the 2M team, you …

Read more