EU to import duty-free rice from Myanmar

The European Union last week signed legislation readmitting Myanmar to the EU trade preference scheme, allowing Myanmar rice, and other products, to be imported into the EU duty-free as Myanmar is considered a Least Developed Country (LDC). 
 
As an LDC, Cambodia rice is also allowed to be imported into the EU duty-free, and will now have to compete more directly with Myanmar for European business. 
 
Myanmar’s membership of the trade preference scheme was withdrawn in 1997 due to EU concerns about forced labor under Myanmar’s military junta. Meanwhile, the International Labour Organization (ILO) lifted its restrictions on Myanmar in June 2012.

Source : Mizzima