U.S. businesses should consult with the Commercial Service team for Burma at the U.S. Embassy in Yangon or accredited business consultants and lawyers to determine the most appropriate entry strategy for Burma, especially during this unpredictable period. Given the complexities of the market and unstable rules and regulations, a trustworthy local partner that is not affiliated with the Burma military regime is highly recommended. For awareness, the U.S. Department of State, Commerce, Homeland Security, Labor, Treasury, and the Office of the U.S. Trade Representative issued the “Business Advisory for Burma” to inform individuals, businesses, financial institutions, and other persons – including investors, consultants, and research service providers – of the heightened risks associated with doing business in Burma, and particularly business activity that could benefit the Burma military regime. A supplementary business advisory was published on the U.S. Department of State’s website at: 2023 Burma Business Advisory.
The Commercial Service in Yangon provides business counseling and a series of commercial programs to assist U.S. companies: Initial Market Check (IMC); Gold Key Match-Making Service (GKS); International Company Profile (ICP); International Partner Search (IPS) and virtual IPS; Single Company Promotion (SCP); and International Buyers Program (IBP).
The U.S. Commercial Service works with the American Chamber of Commerce in Myanmar (AMCHAM) to promote American businesses by supporting the adoption of the highest U.S. business standards.