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Promoting Regional Trade Integration and Employment Criteria (PRICE)

Active
Federal

Contract Overview

Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.

AI Contract Overview

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The Promoting Regional Trade Integration and Employment Criteria (PRICE) is a Department of State initiative designed to diversify the economy of Laos by shifting focus away from capital-intensive sectors like mining and hydropower. By targeting small and micro enterprises within the industry, tourism, handicraft, and manufacturing sectors, the program seeks to mitigate environmental costs and reduce national debt while increasing direct benefits for the local population through improved employment and knowledge transfer. The primary objectives of the contract are to enhance the competitiveness of Lao businesses through responsible investment and the development of organizational capacities that align with international standards. Additionally, the program aims to strengthen trading relationships between Laos and the United States, facilitating expanded market access within both the U.S. and ASEAN regions. This forecast is categorized under NAICS code 926110 and is managed by the Department of State.

General Info

State Department initiative diversifying Laos economy via SME growth and US trade integration.

Agency

Department of State → Department Of State

NAICS

926110 - Administration of General Economic Programs

Place of Performance

LAO

Set-Aside

NONE

Documents

0

No documents available

Documents will appear here when they are available.

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Timeline

Posted

forecast

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Organization & Contact Information

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AgencyDepartment of State → Department Of State
Contacts2 people available
OfficeN/A
Organization / Agency
Department of State → Department Of State
Office AddressN/A
Contacts
Mackenzie Rowe
contact@example.gov
Tyler SinclairSmall Business Specialist
contact@example.gov

Full Description

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Despite a steady economic growth over the past decades, Laos economy has been mainly driven by large scale and capital intensive sectors such as mining and hydropower which are primarily dominant by Chinese investments. These projects bring considerable environmental costs, cause higher debts, and create less benefits to the people, including knowledge transfer and employment opportunities. The PRICE will therefore focus on enhancing potential of small and micro enterprises (SMEs) in Laos and targeting on industry, tourism, handicraft and manufacturing sectors. The PRICE aims to (1) foster Lao Business competitiveness and Responsible Investment manner, (2) build their organizational capacity and quality employment that meet international standards, and (3) advance Lao-U.S trading relationships and their access to U.S and ASEAN markets.

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