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Myanmar officials urge EU to reconsider GSP withdrawal

Myanmar officials and businesses have requested the EU to reconsider its decision of potential withdrawal of its generalised scheme of preferences (GSP) from the country due to the fear of negative impacts on the nation’s growth and the grass root population over.

Aung Naing Oo, Director General at the Directorate of Investment and Company Administration says, EU’s decision could have a big impact on Myanmar’s reforms and growth momentum, as thousands of workers would lose their jobs if factories close and foreign businesses leave. The official requested the bloc to reconsider its planned punishment on Myanmar for alleged human right violations in three of the nation’s states where ethnic people reside.

EU Commissioner for Trade Cecilia Malmstrom announced a plan to consider a temporary GSP withdrawal, due to the findings. Zaw Min Win, President of the Union of Myanmar Federation of Chamber of Commerce and Industry, reiterated the importance of trade preference to local businesses to export their goods to European countries.

Khine Khine Nwe, Joint Secretary General of UMFCCI and General Secretary of Myanmar Garments Manufacturers Association, went to the EU office in Brussels recently to request the bloc maintain its trade privileges for Myanmar. She held discussions with EU authorities, including director generals for trade and employment.

Maung Maung, President of the Confederation of Trade Unions Myanmar, said more than one million workers from garment and fishery industries could be affected if the EU decides to revoke the trade preference.

 

 
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