(Industrialization and Modernization Strategy, 2001). The strategy was divided into another three periods. These are implementation of the 5th Five-Year Plan (2001-2005) as a starting point of integration in regional and global economies, implementation of the 6th Five-Year Plan (2006-2010) as a building-up period, and completion of the industrialized foundation to graduate from the status of an LDC (2011-2020).
2. CHARACTERISTICOFINTERMEDIATEGOODSTRADE DEVELOPMENT IN LAO PDR
2.1. Progress of the Implementation of Industrialization Policy
In order to facilitate the country’s industrialization, the government emphasizes the importance of infrastructure development. In addition, a number of tax exemptions and other incentives have been introduced in order to attract more FDI. In particular, this is to further facilitate the process of integrating the country into the regional and global economies. A policy on development of special economic zones (SEZs) has also been introduced for developing the infrastructure and improving the business environment.
The SEZ development policy was launched in the late 1990s. Currently, the officially endorsed ones are the Boten Dane Kham SEZ in Luangnamtha province, the Golden Triangle SEZ in Bokeo province, and the Savan-Seno SEZ in Savannakhet province (see Map 1). Several other areas have been identified and are under consideration for SEZs, including in Khammuane, Xiengkhouang, Xayabury, and Champasak provinces. Houapanh province is also a newly proposed site (see Map 1).
(Industrialization and Modernization Strategy, 2001). The strategy was divided into another three periods. These are implementation of the 5th Five-Year Plan (2001-2005) as a starting point of integration in regional and global economies, implementation of the 6th Five-Year Plan (2006-2010) as a building-up period, and completion of the industrialized foundation to graduate from the status of an LDC (2011-2020).2. CHARACTERISTICOFINTERMEDIATEGOODSTRADE DEVELOPMENT IN LAO PDR2.1. Progress of the Implementation of Industrialization PolicyIn order to facilitate the country’s industrialization, the government emphasizes the importance of infrastructure development. In addition, a number of tax exemptions and other incentives have been introduced in order to attract more FDI. In particular, this is to further facilitate the process of integrating the country into the regional and global economies. A policy on development of special economic zones (SEZs) has also been introduced for developing the infrastructure and improving the business environment.The SEZ development policy was launched in the late 1990s. Currently, the officially endorsed ones are the Boten Dane Kham SEZ in Luangnamtha province, the Golden Triangle SEZ in Bokeo province, and the Savan-Seno SEZ in Savannakhet province (see Map 1). Several other areas have been identified and are under consideration for SEZs, including in Khammuane, Xiengkhouang, Xayabury, and Champasak provinces. Houapanh province is also a newly proposed site (see Map 1).
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