The United States meets regularly with Laos to advance trade and investment issues, including implementation by Laos of the 2005 Bilateral Trade Agreement (BTA) and support for the accession of Laos to the World Trade Organization (WTO). Under the BTA, the United States extended Normal Trade Relations status (formerly referred to as "most favored nation" or MFN) to products of Laos. Laos agreed to implement a variety of reforms to its trade regime, including most favored nation and national treatment for products of the United States, transparency in rulemaking, establishment of a regime to protect intellectual property rights, and implementation of WTO-compliant customs regulations and procedures. In October 2012, Laos joined the WTO
U.S.-Laos Trade Facts
Laos is currently our 173rd largest goods trading partner with $85 million in total (two ways) goods trade during 2011. Goods exports totaled $26 million; Goods imports totaled $59 million. The U.S. goods trade deficit with Laos was $33 million in 2011.
Laos was the United States= 184th largest export market in 2011.
U.S. goods exports to Laos in 2011 were $26 million, up 117.5% ($14 million) from 2010.
The top export categories (2-digit HS) for 2011 were: Precious Stones (diamonds and platinum) ($6 million), Aircraft ($4 million), Vehicles ($4 million), Other Base Metals (germanium) ($3 million), and Cereals (rice) ($1 million).
U.S. exports of agricultural products to Laos totaled $2 million in 2011
Laos was the United States= 136th largest source of goods imports in 2011.
U.S. goods imports from Laos totaled $59 million in 2011 a 0.4% decrease ($200 thousand) from 2010.
The top imports categories (2-digit HS) for 2011 were: Knit Apparel ($31 million), Inorganic Chemicals ($8 million), Spices, Tea, and Coffee (mostly coffee) ($8 million), Precious Stones (jewelry) ($5 million) and Woven Apparel ($3 million).
U.S. imports of agricultural products from Laos totaled $8 million in 2011.
The U.S. goods trade deficit with Laos was $33 million in 2011, a 30.4% decrease ($14 million), from 2010.
U.S. foreign direct investment (FDI) in Laos (stock) was not available in 2011.
There was no Laos FDI in the United States (stock) in 2011.
NOTE: No services trade data with Laos is available