Economy / Laos
Trade Tussles
November 2005 | Economic AnalysisIn September, the government hosted the 37th ASEAN economic ministers meeting (AEM) as part of its commitments as chair of the Association of South East Asian Nations (ASEAN). Addressing the AEM meeting, the prime minister, Bounyang Vorachit, said he was convinced that ASEAN membership and the establishment of the ASEAN Free Trade Area (AFTA) were 'vital' for the country's prosperity. The government recently received praise from within ASEAN for the progress it had made in lowering tariff barriers. According to the AFTA Council, nearly 88% of manufactured goods in Laos have been transferred from the Temporary Exclusion List to the
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