U.S. delegation heading to Myanmar to explore business opportunities

  • Fifty U.S. business executives are set to visit Myanmar next week to explore trade and investment opportunities now that the United States has relaxed sanctions.

    "This delegation trip is an important milestone," Tami Overby, the chamber's vice president for Asia said in a statement released on Friday. "We have made tremendous progress in normalizing economic relations between our countries. It is now time to take the relationship to the next level."

    It will be the first major American business delegation to go to Myanmar since President Barack Obama's visit to the country in November.

    Obama was the first American president to visit the Southeast Asian nation.

    The delegation will include representatives of firms from agribusiness, automotive, electronics, energy, retailing and telecommunications sectors.

    In recent months, the United States has eased sanctions on Myanmar and removed a ban on most imports due to the country's democratic reforms.