A new policy move reduces the immediate risk for US brands sourcing in Myanmar, but at the same time increases the confusion and almost Kafkaesque complexity of the remaining US sanctions in Myanmar.
US lifts Myanmar port sanctions for 6 months, signal extension possible.
Nevertheless, the European Union, Canada and several others continue to offer clear and favorable trade policies towards Myanmar. The EU’s 0% duty for imports of all garment products from Myanmar has resulted in a more than doubling of garment exports to the EU (comparing Q1 2015 with Q1 2014).
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