AmCham opens Myanmar chapter

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Coca cola MyanmarThe American Chamber of Commerce launched its Myanmar chapter in Yangon at the end of October, the US Embassy said in a statement.

The US government welcomed the move and thanked American businesses for their enthusiastic support of the new chapter and for bringing US business to the Southeast Asian country, said Derek Mitchell, the US ambassador to Myanmar.

“I look forward to a strong partnership with it. The easing of economic sanctions means the US government can encourage US businesses to once again invest and trade here. We believe strongly that done the American way – responsibly, respectfully and with eyes wide open – US trade and investment here will bring substantial benefits to both countries and advance bilateral ties for the future,” he said.

“We not only expect to see our companies model environmental, social and labour best practices, we wish to see them engaged in the local community, building local capacity, creating jobs and contributing to the country’s economic development.”

One of the chapter’s first goals will be advocacy in support of a Chamber of Commerce law, which would allow the chapter to become an independent American Chamber of Commerce in Myanmar.

US conglomerates such as Chevron, GE, Coca-Cola, Pepsi and Cisco have invested in the newly-opened country. But overall US investment remains low compared to other Western countries, according to the Myanmar Investment Commission.

The chapter will help Myanmar to foster long-term investment and economic growth and will deepen bilateral ties, sources say.

In response to political reforms initiated by the Thein Sein administration, the United States has broadly eased sanctions on Myanmar since July of last year. It has waived restrictions on the provision of financial services, authorised new investment by US citizens subject to reporting requirements and permitted the import of all products from Myanmar, except jadeite and rubies.

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The American Chamber of Commerce launched its Myanmar chapter in Yangon at the end of October, the US Embassy said in a statement. The US government welcomed the move and thanked American businesses for their enthusiastic support of the new chapter and for bringing US business to the Southeast Asian country, said Derek Mitchell, the US ambassador to Myanmar. "I look forward to a strong partnership with it. The easing of economic sanctions means the US government can encourage US businesses to once again invest and trade here. We believe strongly that done the American way - responsibly, respectfully and...

Reading Time: 2 minutes

Coca cola MyanmarThe American Chamber of Commerce launched its Myanmar chapter in Yangon at the end of October, the US Embassy said in a statement.

The US government welcomed the move and thanked American businesses for their enthusiastic support of the new chapter and for bringing US business to the Southeast Asian country, said Derek Mitchell, the US ambassador to Myanmar.

“I look forward to a strong partnership with it. The easing of economic sanctions means the US government can encourage US businesses to once again invest and trade here. We believe strongly that done the American way – responsibly, respectfully and with eyes wide open – US trade and investment here will bring substantial benefits to both countries and advance bilateral ties for the future,” he said.

“We not only expect to see our companies model environmental, social and labour best practices, we wish to see them engaged in the local community, building local capacity, creating jobs and contributing to the country’s economic development.”

One of the chapter’s first goals will be advocacy in support of a Chamber of Commerce law, which would allow the chapter to become an independent American Chamber of Commerce in Myanmar.

US conglomerates such as Chevron, GE, Coca-Cola, Pepsi and Cisco have invested in the newly-opened country. But overall US investment remains low compared to other Western countries, according to the Myanmar Investment Commission.

The chapter will help Myanmar to foster long-term investment and economic growth and will deepen bilateral ties, sources say.

In response to political reforms initiated by the Thein Sein administration, the United States has broadly eased sanctions on Myanmar since July of last year. It has waived restrictions on the provision of financial services, authorised new investment by US citizens subject to reporting requirements and permitted the import of all products from Myanmar, except jadeite and rubies.

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