Law No. 14/NA on Investment Promotion. Country/Territory Lao, People's Dem. Rep. Document type Legislation Date 2016 Source FAO, FAOLEX Subject Agricultural & rural development, Energy, Environment gen., Forestry, Wild species & ecosystems, General Keyword Framework law Agricultural development Governance Processing/handling Transport/storage Public participation Capacity building Irrigation Subsidy/incentive Ecofriendly products/ecofriendly processes Ecological production/organic production Sustainable development Forest management/forest conservation Forestry protection measures Afforestation/reforestation Biodiversity Protection of environment Tourism Geographical area Asia, Asia and the Pacific, Landlocked Developing Nations, Least Developed Countries, South-Eastern Asia Entry into force notes This Law enters into force on 17 November 2016. Abstract This Law, consisting of 109 articles divided into eight Parts, defines principles, regulations and measures regarding the domestic and foreign investment promotion and administration in order to enable convenient, expeditious, transparent and proper investments, as protected by the Government, aiming to ensure the rights and benefits of investors, the state, collective and people, enabling the regional and international integration, contributing to the continuous growth of national socio-economic development in line with green direction and sustainability. Investment promotion is the formulation of promotion policies and creation for a favorable investment climate for investment to enable investors to conduct their business operations in a convenient, expeditious, transparent, fair and lawful manner. This Law applies to investment of domestic and foreign natural persons and legal entities, investing and doing business in the Lao PDR and domestic investors for their overseas investments. Full text English/Lao Website investlaos.gov.la