US scrap import duties in Myanmar
The United States to levy no longer import duties on thousands of products from Myanmar. The American government wants Myanmar as reward for the democratisation of recent years and encourage that rate to continue.
The government of president Barack Obama put Myanmar on a list of developing countries that their products tax-free in the U.S. may drop off.
As long as the junta in Myanmar was in power, the country was not eligible, and there were also sanctions in force. Since for Aung San Suu Kyi, the figurehead of the struggle for democratisation in Myanmar, a place in the administration of the country is given the country will be on a lot of benevolence to count. Aung San Suu Kyi spent Wednesday a visit to Obama.
Myanmar became during the military regime to the bedelstaf, but experts believe that the country as a new economic ‘tiger’.