Laos Investment Promotion Law

Investment and Development are the theme of a countrie’s economic, Laos Elementary and economically backward. Therefore, to formulate an investment has to attract domestic and foreign investment, especially foreign investment, can accelerate the the national economy Laval, at the same time, but also conducive to the integration into the world economic development trends. Laos’s accession to The WTO, in accordance with the principle of national treatment, correction potential by the relevant laws of the original is not suitable for the development of the situation is inevitable.This paper through the process of national conditions and economic development of Laos, clarifying the conditions of the Laos Investment Act generated the same time, the evolution of the investment law. To adapt to the requirements of the national treatment principle within the unity of the foreign investment legislation. The view of the debate and innovation in the legislative process, through the method of "transplant" rich investment promotion law. After the implementation of this law, the Lao national economy has made a great development, but also save the inadequacies.Promote investment legislation and implementation issues analysis and identify these defects:that is, the unified legislative model caused inequality for domestic and foreign investment in real terms; unknown existence of provisions in the legislation, as well as too rough; investment management system defect exists; law implementation inefficiencies. Face defects, problems, preclude the use of the comparison methodology of jurisprudence, that the world Foreign Investment Law, Arbitration Law are compared, and combined with the actual situation of the country, the experience of other countries, put forward a specific improvement countermeasures:the harmonization of legislation mode to implement part distinction legislation; legislative reform coarse to fine; combination of automatic approval and government approval; standardize the management body and increase investor the right channels for relief; introduction of private international law to.