Pillsbury Winthrop Shaw Pittman

US Ex-Im Bank opens for business in Burma/Myanmar

The US government has taken another important step in helping to reintegrate Myanmar (referred to as Burma for official purposes) into the global economy. On 6 February 2014, the Export-Import Bank of the US (Ex-Im Bank) announced the opening of financial support for qualified short-term and medium-term US export sales to Myanmar. Over the past 18 months, the US has substantially removed sanctions on business with Myanmar and has expanded economic and trade support on a step-by-step basis in response to political and economic reforms. The recent announcement by Ex-Im Bank will play an important role in opening a new market for US exports.

Businesses looking to engage in the Myanmar market can now seek export-credit insurance, loan guarantees and direct loans (depending on credit) from Ex-Im Bank. Also available are Ex-Im Bank’s working capital guarantees, which can help US exporters or their suppliers obtain funds to produce or buy goods or services for export to Myanmar…

Click on the link below to read the rest of the Pillsbury briefing.

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