EU grants trade preference scheme for Myanmar

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Myanmar ViolenceThe European Union on June 12 readmitted Myanmar to its trade preference scheme, saying it wanted to support reform in the once pariah state through economic development.

Myanmar’s membership of the scheme was withdrawn in 1997 due to concerns over the use of forced labour under the then-military junta.

But the EU said the International Labour Organisation had in 2012 reported “necessary improvements” to labour practices in Myanmar.

The Irish presidency of the EU and the president of the European parliament signed a legislation confirming Myanmar’s readmission.

“Given the positive developments in Myanmar in the recent past, it is important that the EU supports this by facilitating economic growth and development opportunities,” said Irish labour and enterprise minister Richard Bruton.

The EU scheme grants developing nations preferential access to the 27-nation bloc for several products in the form of lower tariffs. The EU in April 2013 agreed to lift the last of the bloc’s trade, economic and individual sanctions against Myanmar in response to the military’s progressive ceding of power to civilians.

In another move, the EU on June 1 has named the first ambassador to represent the European Union in Myanmar from Summer 2013, which will be  Roland Kobia, a Belgian, who currently heads the EU’s delegation to Azerbaijan. The EU opened its delegation in Myanmar in April 2012.

 

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Reading Time: 1 minute

The European Union on June 12 readmitted Myanmar to its trade preference scheme, saying it wanted to support reform in the once pariah state through economic development.

Reading Time: 1 minute

Myanmar ViolenceThe European Union on June 12 readmitted Myanmar to its trade preference scheme, saying it wanted to support reform in the once pariah state through economic development.

Myanmar’s membership of the scheme was withdrawn in 1997 due to concerns over the use of forced labour under the then-military junta.

But the EU said the International Labour Organisation had in 2012 reported “necessary improvements” to labour practices in Myanmar.

The Irish presidency of the EU and the president of the European parliament signed a legislation confirming Myanmar’s readmission.

“Given the positive developments in Myanmar in the recent past, it is important that the EU supports this by facilitating economic growth and development opportunities,” said Irish labour and enterprise minister Richard Bruton.

The EU scheme grants developing nations preferential access to the 27-nation bloc for several products in the form of lower tariffs. The EU in April 2013 agreed to lift the last of the bloc’s trade, economic and individual sanctions against Myanmar in response to the military’s progressive ceding of power to civilians.

In another move, the EU on June 1 has named the first ambassador to represent the European Union in Myanmar from Summer 2013, which will be  Roland Kobia, a Belgian, who currently heads the EU’s delegation to Azerbaijan. The EU opened its delegation in Myanmar in April 2012.

 

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