Demetrios Marantis, Acting USTR Photo: ustr.govActing US Trade Representative Demetrios Marantis stops off in Myanmar on Wednesday as part of an Asian tour with speculation high that his visit may herald in an end to US import duties on Myanmar goods.
According to a report by Reuters, the US is reviewing trade relations with Myanmar “in a move that could end import duties on thousands of goods from the Southeast Asian country.”
The report said that shortly before Marantis’ departure for Asia last week, the US Trade Representative’s office initiated the review, which could add both Myanmar and Laos to the Generalized System of Preferences program, which provides duty-free treatment for up to 5,000 goods from 128 countries and territories.
Marantis is reported to be scheduled to meet government officials and business leaders in Yangon and Naypyidaw.
