H&M and Gap Lead as Myanmar Returns to U.S. Trade

China 2604 Cons. Discr. - Apparel 374 Energy - Refined Oil 185 Materials - Metals/Mining 635 Myanmar 7 Sanctions 114 Trade Deals 907 U.S. 4634

The U.S. has normalized trade relations with Myanmar, with the Asian state now able to access the Generalized System of Preferences for tariffs. U.S. imports of goods are minimal ($20 million in July) but have been growing fast according to Panjiva data. The 69% growth in seaborne imports in August were driven largely by apparel purchasers, including Hennes & Mauritz, The Gap and JC Penney. Myanmar’s trade with China remains focussed on raw materials and gems.

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