Trade and private sector reform in Laos

Overview

Australia is supporting the Government of Laos’ trade facilitation and integration agenda to improve private enterprise opportunities and contribute to incomes and employment generation. Australia is helping the Lao Government to simplify and improve the transparency of regulation for business, including establishment of an electronic trade portal which will publish in one place all import and export related laws, regulations and procedures. Australia is also assisting Lao businesses develop growth plans, including those owned and managed by female entrepreneurs.  Australia will lift the proportion of the aid program devoted to trade and business environment reform over the life of our aid investment plan.

Related initiatives

Second Trade Development Facility

$5 million, 2013-2017

Australia is supporting Laos to sustain poverty reduction and economic growth through trade and integration with the regional and global economies. Australia’s contributions to the Second Trade Development Facility (TDFII) – a World Bank-led multi-donor trust fund – support:

  1. Trade facilitation, trade policy, and regulations: TDFII consists of a number of inter-related activities aimed at improving transparency, predictability and lowering associated compliance costs for traders. Activities will focus primarily on improving inter-agency coordination and supporting the adoption of modern risk based approaches to managing regulatory compliance in non-customs agencies, including reform of non-tariff measures.
  2. Diversification and competitiveness: TDFII includes activities aiming to improve private sector productivity and capacity to compete in international markets, focusing on the non-natural resources sectors (in particular outside of mining and hydropower). Activities will facilitate the more effective participation of small and medium sized enterprises in the economy, enhance skills and labour standards in the manufacturing sector and support women's economic empowerment.
  3. Mainstreaming aid for trade: TDFII will further strengthen Lao PDR's 'aid-for-trade' governance framework. This will involve strengthening a national aid-for-trade coordination unit and supporting smaller-scale demand-driven trade reform activities across the government.

Related documents*

Name of document Year published Type
TDF2 Project Appraisal Document 2012 Design

Related links


* The Department of Foreign Affairs and Trade (DFAT) is committed to high standards of transparency and accountability in the management of the Australian aid program through publishing information on our website, including policies, plans, results, evaluations and research. Our practice is to publish documents after the partner government and any other partners directly involved in the delivery of the initiative have been consulted. Not all material published on this site is created by the Australian aid program and therefore not all documents reflect our views. In limited circumstances some information may be withheld for reasons including privacy and commercial sensitivity.









 

 








Last Updated: 19 September 2014