WASHINGTON, D.C.–The U.S. Chamber of Commerce today announced that it is leading a major business delegation to Myanmar next week, February 24 through 28. The delegation includes 50 representatives of U.S companies from a wide range of industries, including agribusiness, automotive, electronics, energy, retailing, telecommunications, and others. It is the first major U.S. business delegation since President Barack Obama’s historic visit to the country in November 2012.
“This delegation trip is an important milestone,” said Tami Overby, Vice President, Asia, of the U.S. Chamber of Commerce. “We have made tremendous progress in normalizing economic relations between our countries. It is now time to take the relationship to the next level.”
The Chamber’s delegation will participate in a U.S.-Myanmar trade and investment symposium in Yangon, which will bring together senior business executives and government officials from both countries to identify Myanmar’s economic development priorities and objectives, and explore opportunities for expanding U.S.-Myanmar trade and investment across a range of key industry sectors.
Following the conference, the delegation will hold meetings with Myanmar government ministers and senior officials, the U.S. Embassy, development specialists, local NGOs, and others.
“U.S. companies can and do provide capacity building, training and human resource development, respect for the environment, and they engage with communities where they work. In addition to creating jobs and building the economic base needed for long-term growth, they bring with them respect for the rule of law, and the highest standards of governance and transparency,” said Overby. “These are precisely the qualities that the Myanmar government and private sector have repeatedly told us that they want to see in their country.”
Myanmar has undertaken substantial political and economic reform over the past two years, in response to which the United States has normalized diplomatic relations and eased a host of restrictions that severely curtailed trade and investment between the two countries.
The U.S. Chamber of Commerce is the world’s largest business federation representing the interests of more than 3 million businesses of all sizes, sectors, and regions, as well as state and local chambers and industry associations.