Regions

US, Myanmar discuss future ventures

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July 11
11:36 AM 2013

In a meeting between representatives of American companies and Myanmar government officials, the lack of investments from the United States was highlighted and discussed.

In addition, a discussion regarding further exploration of the Myanmar market was imitated. "Last year, US companies just came to Myanmar, observed the conditions and went back. But, this year, companies start doing businesses," noted Anthony Nelson, director of the United States - ASEAN Business Council.

Nelson was the primary speaker in the meeting, as well as council president Alexander Feldman. The conference was held in the capital city of Yangon in front of main stakeholders.

The Myanmar delegation was composed of Myanmar President Thein Sein, Speaker of the Lower House of Parliament Thura U Shwe Mann, and leader of the opposition and National League for Democracy chairperson Aung San Suu Kyi.

"There's a lot of opportunities in the financial services sector as the banking system opens up. There's a lot of opportunities in telecom as the telecom law gets into place. There's a lot of opportunities in consumer goods, a lot of opportunities in the agricultural sector and of course opportunities in electricity and power generation," described Nelson.

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