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What is mined in Laos?

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Laos has significant hydroelectric potential and, despite a relative lack of development, electricity is a prime export, mainly to Thailand. The other principal exports are textiles and garments, timber and wood products, coffee, and tin. Since machinery and equipment, vehicles, fuel, and most consumer goods have to be imported, there is a continuing foreign trade deficit. Leading trade partners are Thailand, Vietnam, and China. In an attempt to expand the nation's economy, a foreign investment law was passed in 1989; the statute was further liberalized in 1994.

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Get more facts and information about Laos . Or, view the full encyclopedia entry from The Columbia Encyclopedia, Sixth Edition.

Similar questions: What does Laos mine and export? How does Laos compete internationally? [ Hide these questions ]

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