Myanmar coup to dampen US trade, impact footwear companies, experts warn

Topics Myanmar | coup | US trade


By Andrea Shalal WASHINGTON (Reuters) - The coup in Myanmar is expected to dampen the interest of U.S. and Western companies in investing in Myanmar, and may prompt some big U.S. companies to pull out, trade experts and analysts said on Monday. Total trade in goods between Myanmar and the United States amounted to nearly $1.

3 billion in the first 11 months of 2020, up from $1.2 billion in all of 2019, according to U.S. Census Bureau data. Apparel and footwear accounted for some 41% of total U.S. goods imports, followed by luggage,.....

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