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Laos eyes benefits of WTO membership

1 February 2013 Last updated at 05:01 GMT

Laos is set to formally join the World Trade Organisation (WTO) after a 15-year effort to become a part of the group, which has included shaking up its import exports system and introducing a series of wide-ranging new laws.

The small, land-locked country is the last of the 10 member Association of Southeast Asian nations to become a WTO member.

And as Jonah Fisher reports, Laos' entry may finally open up the communist nation to much-needed foreign investment.