WASHINGTON (Reuters) – The coup in Myanmar is expected to dampen the already tepid interest of U.S. and Western companies in investing in Myanmar, and may prompt some big U.S. companies to pull out, trade experts and analysts said on Monday.
Total trade in goods between Myanmar and the United States amounted to nearly $1.3 billion in the first 11 months of 2020, up from $1.2 billion in all of 2019, according to U.S. Census Bureau data.
Apparel and footwear accounted for 41.4% of total U.S. goods imports, followed by luggage, which accounted for nearly 30%, and fish, which accounted for just over 4%, said Panjiva, the supply chain research unit of S&P Global (NYSE:SPGI) Market Intelligence. Read more…..
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Myanmar leader Aung San Suu Kyi and other senior figures from the ruling party have been detained in an early morning raid.