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In June 2019 , the National Assembly of Lao PDR approved a law to protect local products from unfair imports. The enactment of the Law on Anti-Dumping and Countervailing Duties ("Law") was part of Laos’ efforts to fulfil its obligations as a member of the World Trade Organisation ("WTO").
Minister of Industry and Commerce Ms Khemmani Pholsena said that if Laos does not have this law, it cannot apply anti-dumping and countervailing duty measures against unfairly imported products.
According to the WTO, if a company exports a product at a price lower than it generally charges in its home market, it is said to be dumping the product. The Law will serve as a legal instrument for the Lao government to take response measures against dumping and impose subsidy duties to safeguard domestic producers from unfairly imported products.
Laos became a member of the WTO on 2 February 2013.
The Social Security Law (Nº 54/NA, 27 June 2018) ("Social Security Law") has been in operation since 9 January 2019, but certain provisions lack clarity. One of these is the calculation of benefits. To address this, the Ministry of Labor and Social Welfare has commenced drafting an instruction to provide explanations and examples relating to the calculation of benefits listed in the Social Security Law, including the following:
- health care benefits;
- labor accident or occupational disease benefits;
- maternity allowances;
- sickness benefits;
- loss of working capacity benefits;
- pensions;
- death benefits;
- family member benefits; and
- unemployment benefits.
The draft instruction will be circulated in due course to the stakeholders for their comments. A finalised instruction is expected to be published this year.
Please note that whilst the information in this Update is correct to the best of our knowledge and belief at the time of writing, it is only
intended to provide a general guide to the subject matter and should not be treated as a substitute for specific professional advice.
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Rajah & Tann (Laos) Co., Ltd
Anou Village,
Samsenthai Road Unit 17,
Chanthabouly District,
Vientiane Capital, Lao PDR.
http://la.rajahtannasia.com
Contacts: Lee Hock ChyeManaging PartnerD +603 2273 1919F +603 2273 8310hock.chye.lee@christopherleeong.comKhanti SyackhaphomLegal AdvisorD +856 21 454 239F +856 21 285 261khanti.syackhaphom@rajahtann.comDesmond WeeDirectorD +65 62320474desmond.wee@rajahtann.com| Rajah & Tann Asia is a network of legal practices based in Asia. |
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