Coca-Cola To Begin Business In Myanmar

By: Associated Press
By: Associated Press

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Thursday, June 14, 2012

Coca-Cola Co. plans to open for business in Myanmar, following the U.S. decision to suspend investment sanctions to reward the military-dominated country for democratic reforms.

That will leave North Korea and Cuba as the only countries where the world's largest beverage company is not working.

Coca-Cola's charitable arm announced Thursday it is giving $3 million to support job programs for women in Myanmar.

The statement said Coca-Cola will begin business there for the first time in more than 60 years when the U.S. issues a general license allowing American companies to invest, which it said is imminent.

The U.S. announced last month it was suspending restrictions on U.S. investment and financial services.

Coca-Cola said it would adhere strictly to its global human and workplace rights policy and anti-bribery policies.

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