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English.news.cn 2011-03-30 15:09:06
VIENTIANE, March 30 (Xinhua) — Laos’ National Assembly (NA), the legislative body of the Lao government, will monitor economic law enforcement as the country integrates with the world community, aiming to solve problems for effective implementation of the laws over the next five years, local media reports said on Wednesday.
“I would like participants to pay attention to any contents of the laws they believe don’t coincide with the nation’s real situation and also problems which make enforcement of the laws difficult. This will provide the government with recommendations to amend the laws,” said Xaysomphone Phomvihane, NA Vice President.
The state-run Vientiane Times reported that the NA Economic, Planning and Finance Commission met Tuesday to review enforcement of the laws at a two-day conference held with support from USAID and the UN, which are providing technical assistance to the assembly for capacity building.
Xaysomphone said that the assembly would focus on performing its four main roles as a representative of the people and power of the state, a legislative body and to monitor the organization of legislative and judicial bodies over next five years, adding that NA members should take part in the development of laws to ensure that they meet the real situation of the country and enable effective implementation and enforcement.
He also said that as the major legislative body, the assembly would give priority to the consideration and approval of laws which will boost implementation of the 7th five-year National Socio-economic Development Plan and the integration of Laos into the world community, including becoming a member of the WTO.
ASEAN integration will force Laos to amend laws, regulations and procedures to facilitate the free flow of goods, human resources and capital as the region becomes a single market and production base.
Souvanhpheng Bounphanouvong, Deputy Head of the Economic, Planning and Finance Commission, said that the 9th Congress of the Lao People’s Revolutionary Party made a strong commitment to implementing the “four breakthrough steps”, one of which is to abolish laws, regulations and procedures which hinder productivity.
She said that the abolishment of obstacles for economic development would be made in parallel with integration of Laos into the world community, including membership of the WTO and joining the ASEAN Free Trade Area.
Economic laws cover issues such as taxation, state budgets, state asset management, investment promotion, state investments, forestry resources, agriculture, mineral resources and electricity.
Laos is now making a law on the operation of the nation’s stock market, one of the main tools to manage and oversee the stock market, which began trading in early January this year.
Editor: Yang Lina