Bureau of Foreign Trade concludes bilateral WTO agreement with Laos


CNA

BRUSSELS — Taiwan and Laos concluded a bilateral trade agreement under the framework of the World Trade Organization (WTO) Wednesday to pave the way for the Southeastern country to enter the world trade regulatory body.

The agreement was signed by Bill Cho, director-general of Taiwan’s Bureau of Foreign Trade, and Khemmani Pholsena, Laos’ deputy commerce and industry minister, on the sidelines of the eighth WTO ministerial conference that opened in Geneva yesterday. Taiwan and Laos had engaged in seven rounds of talks on the bilateral pact and completed the process in the Laotian capital of Vientiane in May, under efforts to further bolster commercial exchanges between the two countries. Laos, which has not yet been admitted as a signatory nation to the 153-member WTO, has also signed similar bilateral trade agreements with Japan, China, South Korea, Canada and Australia.