New US trade preferences highlight challenges for Myanmar exporters

Myanmar’s business sector has welcomed US plans to lift almost all remaining sanctions against the country and reinstitute special trade preferences, but some industries could find it hard to take advantage of the new environment. US President Barack Obama announced this week that he intends to lift the state of emergency the US declared against Myanmar in […]

EU says Myanmar needs ‘space’ to deal with rights abuses

YANGON: The European Union said on Wednesday Myanmar needed “space” to deal with human rights abuses in its restive northwest, adding it would respect the call by country leader Aung San Suu Kyi to avoid the term “Rohingya” to describe persecuted Muslims there. The statement exposes a rift in the West’s approach to the sensitive […]

EU Aims to Strengthen Myanmar’s Garment Sector

The European Union (EU) will provide up to €2 million in funding to promote CSR (Corporate Social Responsibility) activities of Myanmar’s garment industry. “The support will be provided in collaboration with UMFCCI (Union of Myanmar Federation of Chambers of Commerce and Industry) while we will make sure the funds are not used for purposes that […]