Lao People's Democratic Republic (Lao PDR)
Singapore and Laos cooperate at the bilateral, regional, and multilateral levels, with Singapore’s investments in Laos steadily increasing in various sectors. Our economic partnership is underpinned by ASEAN economic agreements and the Regional Comprehensive Economic Partnership (RCEP).
Last updated on 12 November 2026
Singapore-Lao PDR Economic Relations
Minister-in-charge of Trade Relations Grace Fu and Lao PDR Minister of Agriculture and Environment Dr. Lingham Douangsavanh signed an Implementation Agreement on carbon credits collaboration under Article 6 of the Paris Agreement on 4 September 2026.
Singapore and Lao PDR have collaborations in renewable energy through the Lao-Thailand-Malaysia-Singapore Power Integration Project (LTMS PIP). In the area of carbon credits, we have signed an Implementation Agreement (IA) on carbon credits collaboration under Article 6 of the Paris Agreement in September 2026.
Both sides also collaborate on issues at regional and multilateral fora such as ASEAN and the World Trade Organization (WTO).
Plurilateral Agreements involving Lao PDR
ASEAN Economic Agreements
Singapore and Lao PDR cooperate through a range of ASEAN economic agreements. These agreements support trade, investment, services, connectivity, and economic integration across the region.
Regional Comprehensive Economic Partnership (RCEP)
The Regional Comprehensive Economic Partnership (RCEP) is the world’s largest FTA, comprising about 30% of global GDP and about a third of the world’s population. It broadens and deepens Singapore’s economic connectivity with the region, opens up opportunities and provides businesses with more coherent access to the region.
International Platforms involving Lao PDR
Association of Southeast Asian Nations (ASEAN)
The Association of Southeast Asian Nations (ASEAN) consists of 11 member states following the official admission of Timor-Leste. The members are Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, Viet Nam, and Timor-Leste. These nations work together to promote economic growth, social progress, and regional stability in Southeast Asia.
Indo-Pacific Economic Framework for Prosperity (IPEF)
The Indo-Pacific Economic Framework for Prosperity (IPEF) provides a platform for countries in the region to collaborate on advancing resilient, sustainable, and inclusive economic growth, and aims to contribute to cooperation, stability, and prosperity in the region.