Trade means more income, better livelihoods, and more economic opportunities for Laos. It also translates to more jobs and less poverty. In this video, a salesman with a stall in the Vientiane Morning Market and the head of the Lao Coffee Association talk about more transparent trade practices and how these benefit their businesses.
The World Bank is supporting the development of good trade practices in Laos through the Trade Development Facility project. These efforts resulted in Laos’ formal accession to the World Trade Organization in February 2013, the launch of an online Trade portal, and more.