Myanmar readmitted to EU trade scheme

INDONESIA-MYANMAR-DIPLOMACYThe European Union on Wednesday readmitted Myanmar to its trade preference scheme, saying it wanted to support reform in the country through economic development.

The European Union on Wednesday readmitted Myanmar to its trade preference scheme, saying it wanted to support reform in the country through economic development.

Myanmar’s membership of the scheme was withdrawn in 1997 due to concerns over the use of forced labour under the then-military junta.

But the EU said the International Labour Organisation had last year reported “necessary improvements” to labour practices in Myanmar, which was formerly known as Burma.

The Irish presidency of the EU and the president of the European parliament signed legislation on Wednesday confirming Myanmar’s readmission.

“Given the positive developments in Myanmar/Burma in the recent past, it is important that the EU supports this by facilitating economic growth and development opportunities,” said Irish jobs and enterprise minister Richard Bruton.

The EU scheme grants developing nations preferential access to the 27-nation bloc for several products in the form of lower tariffs.

The EU in April agreed to lift the last of the bloc’s trade, economic and individual sanctions against Myanmar in response to the military’s progressive ceding of power to civilians.

Source : AFP | 13 June 2013

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About thomasdinnocenzi

Thomas D'Innocenzi is a highly accomplished, results-focused senior international executive with extensive experience in global sourcing and market development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global sourcing operations worldwide. Extensive experience in international market development operations to accommodate rapid growth. Skilled in building top-performing teams, benchmarking performance, and restricting organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. As principal of Nova Advisors, LLC I’ve assembled an exemplary team that brings with them the knowledge and experience gained from starting up a Global Sourcing program with multiple Fortune 500 companies as well as the largest supplier network throughout the Asia-Pacific region. We have experience and expertise in more than a thousand medical and pharmaceutical products in manufacturing and sourcing at the best value. The right product, the right price point and the right branding fueled these successes that resulted in double-digit growth for top line sales and bottom line net margins for our customers. What sets us apart: • Our reach includes a large network of suppliers & manufacturers spanning 13 countries in Asia-Pacific region • We understand the manufacturing process and the business of the supplier and the buyer • Our company culture is based on quality assurance and our process is based on local quality control Our commitment is to be your partner offering the best products and services at the lowest cost. Contact me to discuss how we can make the global marketplace work for you. thomas@novaadvisors.com In addition, I am open to discussing opportunities in global sourcing, international marketing & sales, logistics and medical/pharma in Thailand, Vietnam, Malaysia, Philippines & Japan. Aside from my work I enjoy piano, astronomy, physics, and assisting my daughters with their studies. SPECIALTIES: Global Sourcing, Supply Chain Management, Business Development, Marketing, Logistics, Global Networking, Market Development, Healthcare Solutions, Pharmaceuticals, Medical Devices, Technology, Asia, Southeast Asia, US and Canada
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