The Ministry of Industry and Commerce (MOIC) of Laos, with support from the United States Agency for International Development (USAID), has launched an enhanced Electronic Certificate of Origin (e-CO) Issuing System. The launch event, attended by over 100 participants from government and private sectors, marks a significant step in simplifying export processes for Lao businesses. The e-CO system allows businesses to easily obtain Certificates of Origin for their exports, essential for proving the origin of products and qualifying for reduced tariffs in international trade.

Deputy Minister of Industry and Commerce Manothong Vongsay highlighted the importance of the new system, stating that it simplifies export procedures and helps Lao businesses access new markets. U.S. Ambassador Peter M. Haymond praised the collaboration between Laos and the United States, noting that the system will enhance the country’s market integration. Accessible via the EcoLao website, the e-CO system offers significant benefits such as reduced tariffs for eligible exports and streamlined customs procedures.

This initiative is part of a broader effort by USAID and MOIC to improve the business environment in Laos, making it easier for companies, especially small and medium-sized enterprises, to compete in the global market. The new system aims to save businesses time and money, encourage smoother trade, and open up new opportunities for growth, investment, and job creation in Laos.