Canada takes a closer look at Myanmar

Canada takes a closer look at Myanmar

The Canadian government has considered drawing up a preferential tariff system for Myanmar, Canada’s Minister for International Trade Edward Fast revealed last week.

After meeting with Win Aung, president of the Union of Myanmar Federation of Chamber of Commerce and Industry in Nay Pyi Taw last week, Fast said discussions were underway to include Myanmar in a generalised system of preferences (GSP) programme for least developed countries.

Such a programme provides Myanmar exporters greater access to the Canadian market. The minister also said Ottawa also plans to increase investment and trade with Myanmar.

Canada has drafted a Global Market Plan and Myanmar is one of 25 countries that will gain preferential treatment, he said.

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