The United States will re-give Myanmar trade GSP treatment
According to Myanmar’s “Eleven News” report on April 18: According to Myanmar economist Dr. Ruowu’s observation of development results in the field of economic and social reform in February 2016, following the EU’s resumption of its visit to Myanmar in July 2013 After receiving the Generalized System of Preferences (GSP) for trade, the United States will grant Myanmar the Generalized System of Preferences (GSP) for trade in 2016. The United States granted Burma the Generalized System of Preferences (GSP) for trade in 1976, but withdrew it in 1989. According to information released by the Ministry of Commerce of Myanmar, the total trade volume between Myanmar and the United States in the first 10 months of the 2015/16 fiscal year was US$205 million, of which Myanmar’s exports to the United States were more than US$68 million, and US exports to Myanmar were more than US$137 million. . In the 2014/15 fiscal year, the total trade volume between Myanmar and the United States was US$550 million. Myanmar’s main products exported to the United States are agricultural products, aquatic products, industrial processed products, etc.; the main products exported by the United States to Myanmar are daily necessities, investment commodities, industrial raw materials, etc. The United States will grant Myanmar trade GSP treatment again within this year
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