February 23, 2016

Myanmar expects entry of more US businesses

The visits have gathered pace since the National League for Democracy (NLD) won the election and the power transition from military rule appeared to be going smoothly, Win Aung, president of the federation, said last week.

"I strongly believe that Myanmar-US economic relations will strengthen in the next government's term.

"As now is the transition period, many US and Western companies are in a wait-and-see mood. Most of them want to observe what would be the NLD's economic policies and the important legislative changes in the next government's term," he said.

At the US-Myanmar business-matching event held by the federation and the American Chamber of Commerce Myanmar Chapter, more than 30 executives of 22 US companies, including blue chips like Ford Motor, Dow Chemical, DuPont and Honeywell, mingled with more than 50 local businessmen. (Courtesy of The Nation)

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