EU: Begins investment protection talks with Burma
The European Union (EU) has initiated negotiations on an investment protection agreement with Burma/Myanmar, following its reinstatement of trade preferences with the country last July.
EU Trade Commissioner Karel de Gucht has travelled to Nay Pyi Taw to commence talks with Dr Kan Zaw, Minister of National Planning and Economic Development in Myanmar.
The agreement is aimed at improving protection and fair treatment for investors in both the EU and Myanmar, contributing to attracting new investment in the process.
“This investment agreement could become an important accelerator for the reform process in Myanmar/Burma,” said De Gucht.
“Experience has shown that improving legal certainty and predictability for investments is key in providing business opportunities and much-needed development for this growing economy.”
Myanmar’s exports to the EU were up 35% to EUR223m in 2013, with the share of the garment industry falling to 58.2% from 66.9% in 2012.
- Yuan devaluation impact mixed for garment firms
- Will Vietnam struggle with impending trade deals?
- The new age of disruption on apparel production
- Nicaragua apparel and shoe firms to double in size
- China devaluation: what’s the big deal?
- US Q2 in brief: J Crew, Aeropostale, Bebe Stores
- H&M scaling up living wage effort to key suppliers
- Myanmar approves first minimum wage
- Adidas seeking to resolve shoe supplier dispute
- Stock-out paradox persists despite data overload
- Global Database of the Top 1000 Apparel Producers - Company Names, Financial Performance, and Contact Details
- Ethiopia – the emerging textile and clothing industry
- Myanmar's Garment Sector in 2015 - now with updated members' directory
- Global market review of lingerie - forecasts to 2020
- Global market review of swimwear - forecasts to 2019