Common Contracts
1 similar Asean-China Agreement on Trade in Services contracts
LAO PDRAsean-China Agreement on Trade in Services • November 9th, 2011
Sector or Subsector Limitation onMarket Access Limitation onNational Treatment AdditionalCommitments I. HORIZONTAL COMMITMENTS ALL SECTORS INCLUDED IN THIS SCHEDULE (1) Borrowing from abroad by banks and enterprises shall be approved by the Bank of the Lao PDR. (1) As indicated in the market access column. (2) A resident of Lao PDR who intends to invest directly or indirectly in a foreign country shall be approved by the concerned authorized organizations. The transfer of fund to be invested abroad shall be approved by the Bank of the Lao PDR. Bringing out of the Lao PDR the foreign currency more than 2,000 US$ shall be approved by the Bank of the Lao PDR. (2) As indicated in the market access column. (3) Commercial presence of foreign service suppliers can be in the following form:- A joint venture with one or more domestic Lao investors,- A wholly foreign-owned enterprise1- A branch or representative office (3) Foreign service suppliers in the Lao PDR may lease land within the Lao
