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U.S. Trade mission promotes FDI
The U.S. Embassy, together with the American Chamber of Commerce in Thailand and the U.S. Commercial Service in Thailand, welcomed U.S. business representatives to explore potential investment opportunities that Laos has to offer and to meet with leading foreign businesses and Lao government officials.
Minister of Planning and Investment Somdy Douangdy provided opening remarks, which was followed by U.S. Ambassador Karen B. Stewart's presentation on the political and economic climate in Laos. In addition, Mr. Nam Vihnaket, Minister of Industry and Commerce, and Dr. Sommad Pholsena, Minister of Public Works and Transportation, elaborated on the benefits of doing business in Laos.
The trade delegation included members of the American Chamber of Commerce in Thailand, Vietnam, and Singapore and represented U.S. small businesses and major corporations such as the Coca-Cola Company, General Electric, and Citibank. One of the goals of the trade mission is to increase trade between Laos and the U.S, which reached the level of $71 million in 2010.
Delegates attended presentations by the Ministry of Industry and Commerce, the Ministry of Planning and Investment, the Lao National Chamber of Industry and Commerce, and other Lao government officials.
The event also included panel discussions with business consultants and entrepreneurs currently operating in Laos, giving the delegation an opportunity to hear firsthand how to successfully conduct business in Laos.
kpl lao news agency
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