EVALUATING THE EFFECTS OF TRADE ON LAO PDR'S LDC GRADUATION

Authors

  • Piya Wongpit Faculty of Economics and Business Administration, National University of Laos

DOI:

https://doi.org/10.60101/rmuttgber.2023.267180

Abstract

Lao PDR has achieved remarkable progress in terms of economic development, but it still faces many challenges to achieve its goal of graduation from LDC status by 2026. LDC graduation also comes with some challenges, including the phasing out of international support measures that are associated with LDC status, which will need to be addressed. The objectives of this paper are to identify lessons learned from other countries’ LDC graduation; analyze trade access to the market and expected impacts under LDC and evaluate the perceptions of private sectors on LDC graduation. The Export Potential Indicator was applied to evaluate potential products after graduation from LDC. As there are no changes in tariff preferences and huge export potential in Thailand, Vietnam, and China markets therefore the impact on exports after is expected to be minor. However, LDC graduation is projected to significantly impact exports to the European Union market.

References

Agarwal, P., & Chonzi, M. (2020). Impact of COVID-19 on international trade: Lessons for African LDCs. SSRN, 1-19. https://www.unescap.org/sites/default/d8files/129%20Final-Team%20Prachi%20Agarwal-India.pdf

Brien, D. (2019). LDC graduation: challenges and opportunities for Vanuatu. Working Paper Series, WP/19/03. UNESCAP.

Decreux, Y., & Spies, J. (2016). Export Potential Assessments A methodology to identify export opportunities for developing countries.

DiCaprio, A., & Massa, I. (2018). The impact of graduation from LDC status on trade: The case of Bangladesh. International Centre for Trade and Sustainable Development.

International Trade Center. (2022). Export Potential Map. https://exportpotential.intracen.org/en/

Ministry of Industry and Commerce. (2020). Lao PDR Annual Report of Trade Preferential 2020, Department of Import and Export. https://www.laotradeportal.gov.la/kcfinder/upload/files/Pub_1624874280lo_LA.pdf

Razzaque, M. A. (2020a). Graduation of Bhutan from the group of least developed countries: potential implication and policy imperatives. Working Paper Series, WP/20/06, UNESCAP.

Razzaque, M. A. (2020b). Nepal's Graduation from the Least Developed Country Group: Potential Implications and Issues for Consideration. Working Paper Series, WP/20/01, UNESCAP.

Trade Map. (2021). Export statistics of Lao PDR. https://www.trademap.org/Index.aspx

UNCTAD. (2016). LEAST DEVELOPED COUNTRIES REPORT 2016; THE PATH TO GRADUATION AND BEYOND: Making the Most of the Process. UN.

Downloads

Published

16.12.2023

How to Cite

WONGPIT, P. EVALUATING THE EFFECTS OF TRADE ON LAO PDR’S LDC GRADUATION. RMUTT Global Business and Economics Review, Pathum Thani, Thailand, v. 18, n. 2, p. 93–104, 2023. DOI: 10.60101/rmuttgber.2023.267180. Disponível em: https://so03.tci-thaijo.org/index.php/RMUTT-Gber/article/view/267180. Acesso em: 25 dec. 2025.

Issue

Vol. 18 No. 2 (2023): July - December 2023

Section

Research Articles

License

Copyright (c) 2023 ปิยะ วงศ์พิศ

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

The articles published in this journal are the intellectual property of their respective authors.

The views and opinions expressed in each article are solely those of the individual authors and do not reflect the positions of Rajamangala University of Technology Thanyaburi or any of its faculty members. All components and content of each article are the sole responsibility of the respective authors. In the event of any errors, the authors shall bear full responsibility for their own work.