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Countries and regions
Laos
The EU works closely with Laos under the framework of the EU-ASEAN Cooperation Agreement to ensure an effective environment for trade and investment relations.
Trade picture
- EU imports from Laos are dominated by textiles, clothing and agricultural products.
- EU exports to Laos are dominated by machinery.
EU-Laos: Trade in goods
| Year | EU imports | EU exports | Balance |
|---|---|---|---|
| 2014 | 0.2 | 0.2 | -0.0 |
| 2015 | 0.2 | 0.1 | -0.1 |
| 2016 | 0.2 | 0.1 | -0.1 |
EU-Laos: Trade in services
| Year | EU imports | EU exports | Balance |
|---|---|---|---|
| 2013 | 0.1 | 0.1 | -0.1 |
| 2014 | 0.1 | 0.1 | -0.0 |
| 2015 | 0.1 | 0.1 | 0.0 |
EU-Laos: Foreign direct investment
| Year | Inward stocks | Outward stocks | Balance |
|---|---|---|---|
| 2015 | 0.0 | 0.3 | 0.3 |
Date of retrieval: 15/02/2017
EU and Laos
As a Least Developed Country (LDC) Laos benefits from the most favourable regime available under the EU's Generalised Scheme of Preferences (GSP), namely the Everything But Arms (EBA) scheme. The EBA scheme gives the 47 Least Developed Countries – including Laos – duty free access to the EU for exports of all products, except arms and ammunition.
Laos and ASEAN
Laos is one of the 10 members of the Association of Southeast Asian Nations (ASEAN). The countries as a group are the EU's second largest trading partners outside Europe, after China.
The ASEAN region is a dynamic market with some 640 million consumers. Laos is one of the three Least Developed Countries in ASEAN.
The EU co-operates with ASEAN as a whole. Cooperation is maintained through the EU-ASEAN Dialogue which includes discussions on trade and investment issues at ministerial and senior economic official level.
Trading with Laos
- Rules and requirements for trading with Laos
- The EU is present on the ground in Laos
- Trade relations are part of the EU's overall political and economic relations with Laos
- Laos is a member of the World Trade Organisation as from 2 February 2013.