Continuing Guidance on the Lao SEZ Bill

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Locus Economica deepened its advisory work for Lao PDR in 2017 by advising on a parliamentary brief for the SEZ Bill for The Asia Foundation. We supplied inputs on:

  • The nature and purpose of SEZs

  • The rationale for giving SEZ businesses advantages over non-SEZ businesses

  • Best practices and key concerns with the management of Lao SEZs.

  • Recommended provisions to add to the bill on:

    • Land concession rules

    • Recourse and sanctions for non-performance by SEZ developers or the state

    • Termination of concession agreements

    • Compensation for former landowners who have had property seized

    • Socially responsible labor regulation

    • One-stop shops

  • Taxation benchmarks from other East Asian SEZs

  • Customs documentary requirements

  • Necessary provisions for developer and operator agreements and concessions