Norway eases Burma trade further / News / The Foreigner

Norway eases Burma trade further. One week following Norway’s decision to lift its particular sanctions against Burma, trade is now to be made even easier. This decision has been made in light of Myanmar’s efforts at reform in the last year, including promoting democracy. The easing of trade will allow Myanmar, one of the world’s least-developed countries to export goods free of duty to Norway under the Generalised System of Preferences (GSP).

norwayburmasanctionslifted, norwayinvestmentburma



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Norway eases Burma trade further

Published on Saturday, 28th January, 2012 at 21:49 under the news category, by Lyndsey Smith   .
Last Updated on 28th January 2012 at 22:02.

One week following Norway’s decision to lift its particular sanctions against Burma, trade is now to be made even easier.

Støre meets President Thein Sein
Støre meets President Thein Sein
Photo: Kjetil Elsebutangen/MFA


This decision has been made in light of Myanmar’s efforts at reform in the last year, including promoting democracy.

The easing of trade will allow Myanmar, one of the world’s least-developed countries to export goods free of duty to Norway under the Generalised System of Preferences (GSP).

Norway’s government made the announcement, Friday, in connection with a visit to the country by Foreign Minister Jonas Gahr Støre. He now hopes that other countries will also make similar decisions.

Trade between Myanmar and Norway is very limited and FM Støre stated that it might be a while before any new trade affects the economy.

Following the recent abolishing of embargos, Norwegian companies are being told they can now invest in the country.

“It is appropriate to ensure that Myanmar will be able to trade with us with the same conditions as other less-developed countries in a situation where we make it possible for Norwegian companies to engage in Myanmar,” the Foreigner Minister said.



Published on Saturday, 28th January, 2012 at 21:49 under the news category, by Lyndsey Smith   .
Last updated on 28th January 2012 at 22:02.

This post has the following tags: norwayburmasanctionslifted, norwayinvestmentburma.


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