|FOR IMMEDIATE RELEASE
February 26, 2014
Anna Humphrey | (703) 875-4357
USTDA WELCOMES FIRST COMMERCIAL PUBLIC-PRIVATE DELEGATION FROM MYANMAR
TO THE UNITED STATES
Reverse Trade Mission to Focus on Civil Aviation Modernization
ARLINGTON, VA – Yesterday, the U.S. Trade and Development Agency hosted a Business Briefing to kick off the first U.S. government-funded, commercially-focused mission of public and private delegates from Myanmar to the United States. Over the course of the next week, the USTDA-sponsored reverse trade mission will expose delegates from Myanmar's Department of Civil Aviation and commercial airlines to U.S. goods, services and technologies that can assist them in modernizing Myanmar's civil aviation infrastructure.
Myanmar's aviation sector – critical to the country's economic modernization – is facing increasing demand, but is limited by its current infrastructure. Aviation stakeholders plan to increase capacity at the Yangon airport, which had a 20-30% growth rate last year, by 2.7 million passengers in the next four years. There are also plans to build a new international airport in Hanthawaddy that will be 9 times larger than the Yangon Airport, as well as plans to expand aircraft fleets. These development projects represent tremendous opportunities for U.S. companies in Myanmar.
USTDA Director Leocadia I. Zak opened the Business Briefing by highlighting ways that U.S. industry experts can support Myanmar's modernization efforts. The Briefing also provided the delegates the opportunity to meet with U.S. businesses one-on-one to discuss potential areas of collaboration.
During their time in the Washington, DC area, the delegation met with representatives from U.S. government agencies – including the Departments of State, Transportation and Commerce, as well as the Federal Aviation Administration, the Export-Import Bank of the United States and the Overseas Private Investment Corporation – to discuss federal resources available to support their infrastructure development plans. They also met with Lockheed Martin Corporation, Mitre Corporation, Oshkosh Corporation and Honeywell to gain exposure to U.S. technology, equipment and services that can meet their development needs.
For the remainder of the reverse trade mission, the delegates will meet additional U.S. aircraft manufacturers and airport authorities to observe airport management models and technologies. The delegation will travel to the heart of the U.S. aviation industry, visiting Wichita, KS and Seattle, WA to meet with leading U.S. aviation companies, including Cessna and Boeing. This initial reverse trade mission will help increase U.S. industry presence in Myanmar's newly opened, vastly growing and highly competitive market.
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The U.S. Trade and Development Agency helps companies create U.S. jobs through the export of U.S. goods and services for priority development projects in emerging economies. USTDA links U.S. businesses to export opportunities by funding project planning activities, pilot projects, and reverse trade missions while creating sustainable infrastructure and economic growth in partner countries.
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