USTR Suggests Myanmar May Lose GSP Eligibility After Coup
The Office of the U.S. Trade Representative will consider how the coup in Myanmar (formerly Burma) might affect that country's eligibility for the Generalized System of Preferences benefits program, which is currently on hiatus. The USTR made the announcement March…
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29, and also said that there will be no trade engagement under the Trade and Investment Framework Agreement until the return of a democratically elected government. “Reports that the military has targeted Burma’s trade unions and workers for their role in the pro-democracy protests raise serious concerns about worker rights protections,” the notice said. According to USTR data, about 45% of exports from Myanmar, formerly known as Burma, to the U.S. could be covered by GSP, but the country is not a large user of the program, only exporting $284 million worth of goods under GSP in 2019, according to USTR.