ASEAN sugar producers form alliance
Myanmar has formed an alliance with six other sugar-producing countries in the region, with a view to improving cooperation and boosting trade, in preparation for the ASEAN Economic Community, which aims to create a single market for capital, goods, labour and services. Seven countries – Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Thailand and Vietnam – signed the deal in Bangkok on July 16. The alliance will initially extend for two years, chaired by Thailand. It aims to create policies that support the sugar industry and help factories to survive increasing competition from overseas.
