Laos

What form of government does Laos have?

-Laos is a communist country
-Adopted: 1991; Protects the right to preserve the national culture, natural heritage, fine
tradition, antiques and historical places of the country and its ethnic minorities, the right to
transfer of technology, and the right to create artistic and literary works and to engage in
cultural activities.

In 1893 Laos becomes a French protectorate till 1945, when it is briefly occupied towards the
end of World War II by the Japanese.

In 1946 France resumes control over Laos.

In 1950 After being granted semi-autonomy, Laos becomes an associated state within the
French Union. 

In 1954 Laos gains full independence from France as a constitutional monarchy.

In 1986 After being encouraged by Gorbachev's reforms in the Soviet Union, Laos introduces
market-oriented reforms.

In 1995 The United States lifts its 20-year aid embargo on Laos.

In 1997 Laos becomes a member of the Association of Southeast Asian Nations (ASEAN). Laos
currency, the kip, falls in value due to the Asian financial crisis. 

In 2000 Government embarks on decentralization process, granting more autonomy and

budgetary responsibilities to provinces. 

In 2001 The International Monetary Fund approves a three year loan worth approximately $40
million for Laos, with the aim of increasing macroeconomic stability and reducing poverty.

In 2005 The United States established Normal Trade Relations and begins to allow free trade
with Laos, and ends punitive import taxes. Also, the World Banks approves loans for the Nam
Theun Two hydroelectric dam project, which would produce electricity for Laos to export.

In 2008 Laos becomes a full member of the World Trade Organization.

In 2011 Laos opens its new stock exchange in Vientiane as part of their experiment with
capitalism.
In 2016 US commits 90 million US dollars over three years to help clear unexploded bombs the
US dropped on Laos during the Vietnam War.

In 2017 Despite international efforts to end illegal ivory trading, conservationists warn that Laos
has the fastest growing ivory market in the world.