ExecutiveOrdersEO
DetDeterminationObama · D

Presidential Determination

Presidential Determination for the Lao People's Democratic Republic Under Section 2(b)(2) of the Export-Import Bank Act of 1945, as amended

President Obama determined that Laos is no longer a Marxist-Leninist country under the Export-Import Bank Act of 1945, making it eligible for Export-Import Bank financing programs previously restricted. The Secretary of State is directed to publish this determination in the Federal Register.

Federal Register Open PDF 74 FR 28867

Impact dates

  1. Federal Register publication

Key directives

  • Determine Laos has ceased to be a Marxist-Leninist country under 12 U.S.C. 635(b)(2)(B)(i)
  • Direct Secretary of State to publish determination in Federal Register

Who is ordered

Timeline

Immediate

  • Determination effective upon signing
  • Eligibility for Ex-Im Bank programs restored

Near term (90d)

  • Federal Register publication

Long term

  • Ongoing trade and financing relations with Laos

Risks & tensions

  • Document cites incorrect statutory subsection ('2(b)(C)' appears to be typographical error for 2(b)(2)(C))
  • Political sensitivity of communist party governance in Laos despite market economic reforms
Presidential Determination: Presidential Determination for the Lao People's Democratic Republic Under Section 2(b)(2) of the Export-Import Bank Act of 1945, as amended · Executive Orders