Lao People's Democratic Republic
Lao PDR: ASEAN Regional Integration Support (Laos-ARISE Plus)
Targeting sustainable economic growth
ARISE Plus – Lao People’s Democratic Republic (Lao PDR) aims to help the country integrate its economy into regional markets and global production chains by supporting smallholders and small and medium-sized enterprises as well as the public sector.
This integration will create jobs and promote inclusive economic growth, increase Lao PDR’s resilience in the face of more pronounced climate change, and mitigate its current economic vulnerability due to its current dependence on limited sectors and markets.
Under ARISE Plus Lao PDR, ITC is working with the public and private sectors to meet the regional trade provisions, to better understand the trade preferences and requirements of different export markets, and to improve the business environment. It has a special focus on two high export value products: wood processing and coffee. Ultimately, it will boost regional and international trade, in these sectors and others.
This project is the Lao PDR national component of the regional ARISE Plus Programme, funded by the EU, which supports overall regional economic integration.
Sustainable Development Goals
<p>The <strong>ARISE Plus Laos </strong>programme is a four-year programme that contributes to the integration of the Lao economy into global production chains through targeted support to both the public and private sectors, with a focus on smallholders and SMEs. It will concern specifically targeted sectors (e.g. wood processing and agro-based products).</p>
Landlocked developing countries
ITC delivers customised solution for landlocked developing countries (LLDCs) that confront particular trade development challenges and works to effectively integrate them into the global trading system. Although they lack territorial access to the sea, these countries can overcome trade barriers by joining regional and global value chains, improving diversification, enacting sound trading policies and improving their logistics, infrastructure and institutions.
Least developed countries
We deliver customized solutions for least developed countries (LDCs), enabling them to increase their participation in the global economy and reach development goals through exports. We focus on creating access to digital technologies and capabilities in LDCs, where current internet penetration is at 27%, as this is increasingly critical to ensure opportunities are universally shared. We also assist LDCs in their bid for WTO membership, and support their implementation of WTO agreements.
Asia and the Pacific
The new Asia-Pacific Regional Comprehensive Economic Partnership (RCEP) that came into force in January 2022 covers a third of the world economy and will eliminate 90% of tariffs among 15 East Asian and Pacific countries. The agreement will also reduce costs and improve policy cooperation for the benefit of micro, small and medium-sized enterprises which are the engine of most economies. ITC will focus on the ability of these enterprises to compete on sustainable and specialty goods and services.