On Sunday, the Information and Public Relations Department under the Ministry of Information of Myanmar organized a conference on Brexit titled ‘Brexit or Inception of Grieves?’
The Deputy Director Daw Ohnmar Aye from the Ministry of Planning and Finance said during the meeting, “The investment of the UK has contributed 5 per cent of total FDI in Myanmar, while the export sector reached 0.03 per cent in 2017-2018 fiscal year. It is a considerable amount. So, I discussed the possible impacts on Myanmar among the global wave of Brexit. I understand the situation of Myanmar garment industry will be concerned with the success or failure of Brexit plan.’
On the hand, the Independent International Fact-Finding Mission on Myanmar in its report,” The economic interests of the Myanmar military” has identified even garments manufacturer connected with the military.
As of May 2019, the United Kingdom has sanctioned 14 individualsCONSOLIDATED-LIST-OF-FINANCIAL-SANCTIONS-Burma