Canada Issues Guidance on Doing Business With Myanmar
Canada April 13 issued a guidance for companies doing business with Myanmar, outlining the sanctions and export control measures it has taken against the country and describing risks for industry. Canada stressed it will review sanctions and export permits case…
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by case but will not issue licenses to sell arms or other defense related items to Myanmar if the exports could lead to human rights abuses. Companies should “conduct robust due diligence,” Canada said, including an examination of their supply chains to determine if their activities are supporting military-owned entities. “[W]e expect Canadian companies to uphold the highest standards of human rights and business conduct, whether they are doing business at home or abroad,” Mary Ng, Canada’s international trade minister, said in a statement. “We strongly recommend to any company operating in Myanmar or doing business with Myanmar-related entities to assess its operations and take appropriate action to uphold these standards.”