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Almost all European chambers of commerce remain active in Myanmar nearly two years on from a military coup ousted a democratically elected government and sparked a civil war.
The February coup has rapidly unwound a decade of economic progress, while foreign investors are headed for the exits.
Clothing, footwear and handbags are Myanmar's second largest export sector This week's military coup in Myanmar puts foreign investment at risk, poses the threat of trade sanctions, and may prompt some clothing companies to sever their sourcing ties with the country. Following weeks of worsening political tensions in Myanmar following disputed elections in November 2020, the Southeast Asian country's military seized power on Monday (1 February), just hours before the first sitting of the new parliament. Claiming the results were marred by widespread voting irregularities and electoral fraud, ...