Myanmar to host trade conference with US

Published on Monday, 07 January 2013 07:49

The Republic of Union of Myanmar Federation of Chambers of Commerce and Industry will organize the ‘US-Myanmar Trade and Investment Relations: The Path Forward’ on February 25, according to the statement of RUMFCCI.

The event will be held on February 25  and will be attended by the members of Washington D.C. based The United States Chamber of Commerce (USCC), and representatives from some well-known business companies such as Asia Global Xpress, Cargill, Chevron, eBay, EMC, Conocophilips, Gibson Dunn & Crutcherlip and Honeywell.

These companies are doing the businesses in oil and natural gas, information technology, energy, agriculture and livestock, servicing and online shopping.

The agendas at the conference will include discussions and paper reading sessions about bilateral trade and investment, development programmes, energy sector of the country, motivation on information and technology for economic development, prospective financial sector, cooperation in Asean Community, and to promote social lives of the country.

At the ceremony, officials from the World Bank will also explain about their development programme for Myanmar.

Some MoUs will also be signed between RUMFCCI and USCC.

The United States and the European Union have relaxed and lifted sanctions on Myanmar in many sectors during 2012 for the rapid political and economic changes of the Myanmar government led by President Thein Sein.

The US and EU imposed sanctions on Myanmar over  two decades, responding against human rights violations of Myanmar military regime.

Although President Barack Obama lifted import ban on Myanmar in November, the US Congress still needs to affirm details of trade policies for import.