United States Trade Representative

KBZ Strengthens Remittance Services with US Banks

March 4, 2017 by thiha

After kicking off the US-Myanmar direct money transfer service, Kanbawza Bank (KBZ) has tried to establish a direct channel with US banks, KBZ managing director U Win Lwin told the media. Right now, KBZ has opened a USD settlement account in New York’s branch of Sumitomo Mitsui Banking Corporation (SMBC). Hence, direct money transfer […]

Filed Under: Latest News Tagged With: China, DICA, Directorate of Investment and Company Administration, generalised system of preference, Generalised System of Preferences, GSP, India, Kanbawza Bank, kbz, KBZ Managing Director U Win Lwin, Malaysia, Managing Director of KK Import Enterprise Daw Kaythi Aung, MIC, Myanmar Times, New York, secretary of Myanmar Investment Commission, singapore, SMBC, Sumitomo Mitsui Banking Corporation, Thailand, U Aung Naing Oo, United States Trade Representative, US-Myanmar direct money transfer service, USTR

US restores GSP benefits to Myanmar

September 19, 2016 by thiha

US president Barack Obama has signed a proclamation reinstating Myanmar’s (formerly Burma) eligibility for benefits under the Generalized System of Preferences (GSP) programme as of November 13, 2016. Since Myanmar is a least developed country (LDC), it will be able to export approximately 5,000 products to the US duty-free under this programme. The trade preference benefits were restored after […]

Filed Under: Latest News Tagged With: aung san suu kyi, East, Generalized System of Preferences, GSP, LDC, Michael Froman, Myanmar, Southeast Asia, United Nations, United States Trade Representative, US President Barack Obama, USTR

Myanmar aims for US duty free by 2014

October 28, 2013 by thiha

Myanmar’s exporters stand to benefit from duty-free access to the United States by the end of the year under the US Generalized System of Preferences, experts say. The Ministry of Commerce said Myanmar must prove that it has improved labour rights and its property laws in line with the international standards provided by foreign institutions. […]

Filed Under: Latest News Tagged With: Duty Free Access, Eric Rose, Generalized System of Preferences, Herzfeld Rubin Meyer and Rose, ILO, Intellectual Property, International Labour Organization, Ministry of Commerce, Myanmar Fisheries Federation, U Maung Aung, U Maung Maung Lay, U Win Kying, UMFCCI, Union of Myanmar Federation of Chambers of Commerce and Industry, United States Trade Representative, USTR

Major US Companies Slow to Report Myanmar Investments

September 24, 2013 by thiha

More than two months after the United States published the first reports by American companies investing in Burma, big name brands such as Cisco, Coca-Cola, PepsiCo and Visa remain absent from the filings, which are posted on the website of the US Embassy in Burma. American companies putting US$500,000 or more into Burma or investing […]

Filed Under: Latest News Tagged With: Burma, Burma Army, Burma President, China, Cisco, coca cola, mastercard, Ministry of Defense, Myanmar investment commission, Nelson, PepsiCo, Thailand, Thein Sein, Trade and Investment Framework Agreement, United States, United States Trade Representative, US Chamber of Commerce, US Embassy, US Sanctions, US-Asean Business Council, visa