AmCham Singapore delegation returns to Myanmar

A delegation from the American Chamber of Commerce in Singapore visited Myanmar last week to learn about its transformation and political reforms under its new leadership, a statement said.

The 19-member delegation was led by the US ambassadors to Myanmar and Singapore, Mr Scot Marciel and Mr Kirk Wagar, respectively, said the joint statement from AmCham Singapore and the American embassy in the island republic.

Meetings with senior-level government and business leaders during the visit from June 7 to 9 had enabled the delegation to gain a better understanding of Myanmar’s strengths, constraints, opportunities and risks as a frontier market, the statement said.

“Myanmar offers many opportunities for US companies, which in turn can contribute significantly to Myanmar’s own progress by bringing high standards, the best technology, and top-notch business practices to the country,” Marciel said.

“Myanmar’s new government is working to bring economic prosperity and opportunity to the people of the country and the right policies will attract investments from multinational companies across a variety of sectors,” he added.

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Wagar said US companies with regional headquarters in Singapore had a strong interest in learning about the plans Myanmar’s new government has for the country’s development.

“Hearing first-hand from ministers and parliamentary officials over the past few days has been enlightening,” he said.

“Myanmar still has many challenges, but from our meetings it is clear that the country is ready to partner with foreign investors to attempt to tackle them head-on.”

Wagar previously visited Myanmar with an AmCham Singapore business delegation in 2012.

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