On The Comparison Between The Investment Law Of Thailand And Laos, A Case Study Of Preference Systems

As two important members of ASEAN,both Thailand and Laos have benefited from economic globalization,and their foreign investment preferential system has played an important role as a legal system to attract investment and secure investment.Compared to Thailand,Laos investment started late,which can absorb domestic and foreign legal experience in the investment law,the formation of a more unified legal system,but all aspects of the system is not enough detail;Thailand's investment legal system for many years accumulated a lot of valuable experience,but due to both the limitations of the framework,also exposed a lot of deficiencies.By comparing the investment legal system of the two countries,especially the selection of preferential policies,on the one hand,we can analyze and compare the similarities and differences between the legal systems of the two countries from the macroscopic horizon,and on the other hand,clarify the characteristics of the legal system of the two countries in theory.From the micro perspective,analysis of the advantages and disadvantages of the two countries investment preferential system,to give investors the practice of investment advice.In general,the legal system of Thailand is relatively sound,and the legal consciousness of citizens is relatively strong.With the continuous development of the national economy of Thailand,especially after the financial crisis,the Thai government has improved the financial supervision system and related legal system.In particular,Thailand Investment Promotion Committee announced the promotion of the latest investment promotion policy "7-year investment promotion strategy(2015-2021)" in January 2015.The new investment promotion policy aims to create a more attractive business environment for foreign investors through a number of policies.In 2009,the Lao government unified the original "Domestic Investment Promotion Law,and the "Encouragement of Foreign Investment Law" as the"Investment Law of the Lao People's Republic",so that the original two-track legislation model is unified as a monorail system.At the same time,in order to adapt to the new situation of joining the World Trade Organization,Laos promulgated the"Laos Investment Law Implementation Regulations" in 2011,and the specific contents of domestic and foreign investment were stipulated and explained in detail.This paper compares the investment system and preferential policies of the two countries from various angles,and based on this comparative analysis,the advantages and disadvantages of the two countries' investment preferential policies are listed.Meanwhile,the corresponding suggestions and enlightenment are provided.