Country: Laos
Overview
Laos shares borders with China, Vietnam and Thailand, and plays a key role in cross-border trade in Southeast Asia. The nation's economic landscape, marked by growth in sectors such as mining, agriculture, and hydropower, underscores its potential as an attractive destination for foreign investment. With a focus on liberalising trade and investment, the Laotian government is creating an environment conducive to business exploration and expansion.
The country's evolving consumer market, coupled with a growing middle class, offers opportunities for British exporters across various sectors. As the government actively promotes foreign engagement and streamlines regulatory frameworks, British businesses can strategically explore sectors such as agriculture, renewable energy, tourism, and infrastructure development.
Further reading from the Department for Business and Trade:
The Lao PDR's ASEAN Chairmanship 2024
Laos stands as a promising gateway for British companies venturing into the burgeoning ASEAN region. With a focus on sustainable development, a strategic geographical location, and a business-friendly environment, Laos offers a canvas for British businesses to paint their success stories. As companies explore the untapped potential in this emerging economy, they find not only a market but a strategic partner poised for mutual growth.