Trade Department, USAID, host explanatory session on GSP in Mandalay, Myanmar
Jointly organized by Trade Department under
the Ministry of Commerce and the USAID-Funded Private Sector Development
Activity, an explanation ceremony on the American Generalized System of
Preferences (GSP) programmes for business entrepreneurs was held in the hall of
Mandalay Region Chamber of Commerce and Industry (MRFCCI) in Mandalay on
Monday.
Present at the ceremony were the
director-general of the Department of Trade and officials, the chairman and
executive committee members of MRFCCI and entrepreneurs of its brother business
associations, entrepreneurs of SMEs , officials of American Embassy and USAIDS
and special guests.
At the ceremony, the
director of the Department of Trade delivered an opening speech, and vice
chairman of MRFCCI explained the process of UMFCCI and cooperation of MRFCCI
with the ASEAN countries including neighbouring countries. Mr. Suzanne
Yountchi, Economic Officer of the US Embassy, elaborated on the American
Generalized System of Preferences (GSP) programmes. Mr. Erland Herfindahl,
Deputy Assistant US Trade Representative for GSP and Michael Blaeley of
USAIDS-Funded Private Sector Development gave a talk on "Generalized
System of Preferences (GSP) ".
America suspended Myanmar’s GSP trade rights
in 1989, but reinstated them on November 13, 2016.
US trade preference programs such as the
Generalized System of Preferences (GSP) provide opportunities for many of the
world’s poorest countries to use trade to grow their economies and climb out of
poverty. – Thiha Ko Ko (Mandalay)