- Laos’ Ministry of Industry and Commerce has expanded the list of goods subject to import-export registration requirements.
- Traders must obtain a certificate authorizing their import or export activities for goods on the expanded list.
- The six additional categories of goods include mining, electricity, wood and wood products, spare parts and electronic equipment, cigarettes, and alcoholic beverages.
- Importers and exporters of these goods must register with the Department of Import and Export by October 31, 2023.
- Failure to register will result in a prohibition on importing or exporting these goods.
- Importers and exporters of other goods not on the list may also register.
- Registrants must obtain certification of their commercial bank accounts and convert them to import-export accounts.
Source: tilleke.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
