The Comparison Study Between The Law Of Foreign Investment In China And In That Laos

With the development of economic globalization, every country's economy becomes more and more related and the investment liberation develops fast. On the one hand, many countries reduce their threshold to the foreign investment and formulate many favorable policy of encouraging foreign investment and the industry liberation ratio increases evidently. On the other hand, every country's capital expands outwards gradually, pursuing much profit and achieving the win-win result. In the globalization tide, Laos is one of members. Since the Foreign Investment Law enacted in 1988, Laos government open their door very fast and improve the investment environment dramatically, attracting $101.238 billion foreign capital in total. However, there are still many problems such as the non-perfection of law and the restriction of investment field before Laos government.This article consists of four parts. The first chapter introduces the contents of Laos foreign investment law.The second chapter compares the foreign investment law of China and Laos. The author introduces the foreign investment law system, the tax favorable policy and the investment direction of these two countries respectively, then analyzes them in detail.The third chapter presents the status in quo of Laos foreign investment situation.Through the introduction of Laos situation, the author analyzes present problems existing in the law environment, infrastructure, foreign exchange supervision and tax system.The fourth chapter brings foreword some recommendations of perfecting Laos foreign investment law. Based on the WTO agreements and international treaties, the author advises some recommendations on reforming tax favorable policy, reinforcing foreign exchange supervision, perfecting the domestic infrastructure and investment soft environment, and puts forward some reasonable ideas about expanding investment area and simplifying the examine and approve procedures.