Interested in doing business in Laos, one of the fastest growing economies in ASEAN? Let me personally welcome you, and assure you that for Americans and American companies there has never been a better time to explore business opportunities in Laos. Our bilateral relationship continues to grow and strengthen, and in 2016 we signed a Comprehensive Partnership agreement that provides a new basis for expanding streams of commerce between our two countries.
The United States places a high priority on free, fair, and balanced trade, and we are working hard to deepen our trade ties throughout the Asia-Pacific region, including with Laos. Laos acceded to the WTO in 2013, became part of the ASEAN Economic Community in 2015, and in 2016 the United States and Laos signed a Trade and Investment Framework agreement (TIFA) that establishes a forum for our countries to further deepen economic ties. Meanwhile, Laos’ economy continues to grow at 7-8 percent per year. American firms are eager to do more business with Laos, and Lao government officials at the highest level have told us they welcome American businesses in Laos.
I encourage American companies to look for opportunities to do business with Lao companies, to sell American products in Laos, and to bring to Laos the high quality and standards that make American businesses famous. As in many emerging markets, you will find obstacles. But I believe you will find today’s Laos more open to American businesses than ever before, and I can assure you that my team and I stand ready to support you in your business endeavor. Please contact our economic and commercial officers to learn more about the possibilities of doing business in Laos.
Ambassador Rena Bitter