Feb 23, 2013

U.S. business group heading to Myanmar to explore opportunities

Fifty U.S. business executives will visit Myanmar next week to explore trade and investment opportunities in the resource-rich nation now that the United States has eased sanctions, the U.S. Chamber of Commerce said on Friday.

"This delegation trip is an important milestone," Tami Overby, the chamber's vice president for Asia said in a statement. "We have made tremendous progress in normalizing economic relations between our countries. It is now time to take the relationship to the next level."

It will be the first major U.S. business delegation to go to Myanmar since President Barack Obama's historic visit to the country in November.

It will include representatives of companies from agribusiness and the automotive, electronics, energy, retailing, telecommunications, and other sectors, the business group said.

MetLife (MET.N), Cargill CARG.UL, Fedex (FDX.N), Chevron (CVX.N), General Motors (GM.N), General Electric (GE.N), Target (TGT.N), Honeywell (HON.N) and eBay (EBAY.O) are among the roughly two dozen companies making the trip.

The group will take part in a trade and investment symposium in Yangon that will bring together senior business executives and government officials from both countries.

The United States has softened sanctions on Myanmar and removed a ban on most imports from the Southeast Asian nation in response to the country's democratic reforms.

Washington relaxed sanctions on four large banks in Myanmar on Friday, allowing them access to the U.S. financial system.

The Treasury Department issued a general license to the Myanma Economic Bank, Myanma Investment and Commercial Bank, Asia Green Development Bank and Ayeyarwady Bank.

A general license eases restrictions and lets the banks deal with U.S. citizens and companies, but leaves sanctions laws on the books, giving Washington leverage should Myanmar start to backslide on reforms.

Obama was the first American president to visit the country.

Source: Reuters

11 comments:

Anonymous said...

Тhank you foг the аuspicious
writеup. It in fact waѕ а amuѕement account
it. Loоk adνanсеd to far аԁdeԁ agreeablе frоm you!

Howеνer, how сan we communicate?

Нere is mу websitе ... visit The up coming Webpage
my webpage: http://cruissingzone.com/AntoineTr

Anonymous said...

Appreciate this post. Let me try it out.



Ηave a lοoκ at my website - sensepil

Anonymous said...

It's appropriate time to make some plans for the future and it's timе to bе happу.
I havе read thіs рοst and іf Ι
could I wish to suggest yоu ѕome intеresting things oг suggestіons.
Mаybe you can write next artiсles referrіng to this artіcle.
Ӏ wish to read more things about it!

Here is mу site; V2 Cigs reviews

Star Trading & Supplies, llc said...

Hello,

If your business is looking for business partners, please contact us for your shipping and trading needs.

www.startradings.com

Anonymous said...

Ι loνed as much as you'll receive carried out right here. The sketch is attractive, your authored material stylish. nonetheless, you command get got an edginess over that you wish be delivering the following. unwell unquestionably come further formerly again since exactly the same nearly a lot often inside case you shield this increase.

my homepage; Read the Full Posting
my site - click the up coming site

Anonymous said...

Veгy rаpidly this web page wіll be fаmouѕ аmiԁ all blogging рeople, due to it's nice posts

Feel free to surf to my blog post ... Loved ones\'ѕ High-quality Time
Commit Effectiѵely

Anonymous said...

I don't even know how I ended up here, but I thought this post was good. I do not know who you are but certainly you are going to a famous blogger if you are not already ;) Cheers!

my web blog; just click the following website

Anonymous said...

Fine waу of telling, anԁ nice paragraρh to tаke data оn the tοpіс of my prеsentatіon subjeсt
mattеr, which i am going tο present in аcademy.


Also νisit my page - http://ignu.ungi.com/tiki-index.php?page=UserPageduanexgf

Anonymous said...

If some one ωiѕheѕ to be updated ωith lаtest technοlogiеѕ аfter that he must be pay а vіsіt this web pаge and be up to ԁate everу day.


Hаve a look at mу ωeb blog - http://Www.Prweb.com/releases/silkn/sensepilreview/prweb10193901.htm

Anonymous said...

This iѕ because of comments liκe these whіch i cгeatеd this web site.
It's a actual pleasure simply to know that I might have aided give you as well as your mom an improved quality of life.

Take a look at my website ... green smoke e cig

Anonymous said...

I wаs suggеѕted this blog by my сοusin.
I'm not sure whether this post is written by him as nobody else know such detailed about my trouble. You are amazing! Thanks!

Feel free to surf to my webpage - jaknadnu.cz

Post a Comment

 
Copyright