CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Laos, Vietnam Expand Free Trade Agreement

Laos, Vietnam Expand Free Trade Agreement

by Mary Swire, Tax-News.com, Hong Kong

09 March 2015


Laos and Vietnam signed an improved free trade agreement (FTA) on March 3, 2015, to replace their existing treaty dating back to 1998.

Once in effect, the treaty will eliminate tariffs on more than 95 percent of goods, with 9,000 products to benefit from zero tariffs.

Signed by the Vietnamese Minister of Industry and Trade, Vu Huy Hoang, and his Lao counterpart, Khemmani Pholsena, the FTA will officially take effect once the two countries have completed their domestic ratification procedures and exchanged notes.

The value of bilateral trade between Vietnam and Laos is thought to have totaled USD1.4bn in 2014, with trade flows of USD2bn targeted for this year.

TAGS: tax | free trade agreement (FTA) | tariffs | Laos | agreements | import duty | trade | Vietnam

To see today's news, click here.

Leave a comment

Read our Posting Guidelines

 






Close

Password Reminder

Please enter your email address to receive a password reminder.

 






Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Tax-News+ Updates

Receive FREE daily updates from Tax-News.com, straight to your inbox. Register Now!

For a tailored solution, choose to receive selected news updates for your preferred jurisdictions and topics, with our enhanced Tax-News+ subscriber service. Read more...

 

Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »