You are here
The United States and Burma engage regularly under the 2013 U.S.-Myanmar Trade and Investment Framework Agreement (TIFA), which created a platform for ongoing dialogue on trade and investment issues between the two governments. Under the TIFA, the two governments work together to identify initiatives that support Burma’s ongoing reform process and related development activities. In 2014, the United States launched the Myanmar Initiative to Promote Fundamental Labor Rights and Practices with the Burmese government and international partners. In November 2016, the United States re-designated Burma as eligible for preferences under the General System of Preference program. For information on upcoming U.S. meetings with Burma, see the Calendar of Events page.
While U.S. trade with Burma remains small, since the initial lifting of sanctions, it has grown significantly. In 2016, two-way goods was $438 million, with U.S exports to Burma totaling $194 million, have almost quadrupling since 2012. The top U.S. export categories include aircraft, soybeans and soybean meal, machinery, and optical and medical equipment.
Burma is a party to many regional free trade agreement agreements. These include the ASEAN Free Trade Area, and ASEAN agreements with Australia, New Zealand, India, Japan, China, and Korea. Burma also is participating in the 16-member Regional Comprehensive Economic Partnership negotiations.