Sunday, April 29, 2012

The first ever EU office in Myanmar

European Union opened its office in Myanmar's financial city, Yangon, amid the country's political reforms toward democratization.The first ever EU office in Myanmar will help promote personnel exchanges between the two sides, and support European companies that want to make inroads into the country.

The office was launched only days after the EU decided to suspend all of its sanctions on Myanmar for one year, except for a separate arms embargo. EU members agreed on the suspension on Monday, less than a month after Aung San Suu Kyi's opposition party, the National League for Democracy, swept by-elections contesting 45 seats. The sanctions had been in place for over 15 years.

At the opening ceremony on Saturday, EU foreign policy chief Catherine Ashton cut the tape together with Myanmar's pro-democracy leader Aung San Suu Kyi.Ashton told the gathering that she hopes the office will open a new chapter in relations between Myanmar and EU countries.



Ashton, who also held a meeting with Aung San Suu Kyi ahead of the ceremony, later told reporters that the EU will support the changes now taking place in Myanmar.

No comments:

RBI releases master direction on lending to Micro, Small & Medium Enterprises (MSME) Sector 26.07.2017 07:45:47 -  RBI release...