Should EU Chambers of Commerce be in business in Myanmar? – DW – 01/19/2023

The ongoing crisis in Myanmar post-coup, in which nearly 2,700 people have been killed and more than a million displaced, raises ethical concerns for international business. Many of the largest European firms have already pulled out of the Southeast-Asian country.

The EU has already imposed five rounds of sanctions on junta officials and their aligned business.

But Brussels, including the chambers of commerce, refuses to end Myanmar’s trade privileges because, it says, doing so would primarily impact vulnerable communities and workers, not the military.

“Unquestionably, the shutdown of businesses and factories would primarily affect the civil society and increase the poverty of the Myanmar people, who are already suffering under the current political situation,” Martin Krummeck, CEO…

Read the Full Article Here DW

Written by Bourbiza Mohamed

A technology enthusiast and a passionate writer in the field of information technology, cyber security, and blockchain

Leave a Reply

Your email address will not be published. Required fields are marked *

Actor Julian Sands Missing for Nearly a Week After Going for Hike

U.S to hit the debt limit as Treasury Secretary Janet Yellen prepares ‘extraordinary measures’