European Commission Seeks Preferential Trade Status for Burma/Myanmar
Burma/Myanmar should benefit from the “Everything But Arms” trade preference system now that it has improved its political, social and labor environments, the European Commission said. Under the regime, the country will be granted duty- and quota-free access to the…
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
European market for all products except arms and ammunition, it said. The EC believes that despite its many structural constraints, Burma/Myanmar it should see a rise in exports under the preferential regime, it said. The proposal needs approval by the Council of Ministers and European Parliament. Myanmar/Burma exports to the EU amounted to 169 million euros ($221 million) in 2011, mostly concentrated on clothing, the EC said.