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European Commission : Opening up to democracy, Myanmar offers new opportunities for EU enterprises

11/11/2013 | 07:53am US/Eastern

European Commission

MEMO

Brussels, 11 November 2013

Opening up to democracy, Myanmar offers new opportunities for EU enterprises

After decades of isolation under authoritarian rule, Myanmar recently started opening its doors to democracy, foreign investment and a liberal economy. To help both European and Myanmar companies take advantage of new opportunities that will come with Myanmar's reintegration into the global economy, European Commission Vice President Antonio Tajani, responsible for Industry and Entrepreneurship, will travel to Myanmar from Nov 13th to 15th. During his visit he will be accompanied by more than 100 companies and associations from 16 Member States, representing a turnover of 420 billion euros, to help both Myanmar and European companies form new partnerships and expand into new markets. He will also sign three letters of intent to strengthen cooperation on SME policy, sustainable tourism and raw materials.

His visit will take place under the umbrella of the EU-Myanmar Task Force chaired by the High Representative for Foreign Affairs and Security Policy, Catherine Ashton. Other members of the task force include Commissioner Andris Piebalgs, responsible for Development and Cooperation, and Commissioner Dacian Ciolo

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