Laos Log WTO

Vietiane, (AFP). After working for 15 years, Laos on Friday (26/10) officially became a member of the World Trade Organization (WTO) is the 158.
All of the ten ASEAN member countries have now become members of the WTO. Chinese Ambassador to Laos Bu Jianguo and senior China expert Xu Ningning ASEAN family appreciates it.

China had played a role in the process of Laos in the WTO membership. Talking about the meaning of the entry of Laos in the WTO, Chinese Ambassador Bu Jianguo said,

"The entry of Laos in the WTO beneficial to Laos to participate in the process of economic globalization, attracting foreign investment, encouraging foreign trade, in order to promote reform and opening up, accelerate economic and social development, and achieve development targets formulated the 9th Congress of the Lao People's Revolutionary Party . Meanwhile, Laos in the WTO membership will also be driving the region and the world economy, contributing to realize the ASEAN economic integration. "

Senior expert of China to ASEAN business, Xu Ningning also appreciate the positive sense coalescence Laos to the WTO.

Xu said, "To build the ASEAN economic entities in 2015, ASEAN integration and internal economic cooperation is entering a new phase. For Laos who is a member of ASEAN, it is a strong endorsement. Process of ASEAN economic integration has encouraged openness to the outside world Laos , as well as providing assistance to Laos to minimize the economic progress with other ASEAN countries. for Laos, the WTO is a vehicle to commercialize developments in a broader scope. "