New York: Coca-Cola announced on Thursday it is returning in Myanmar after a lapse of sixty years, following the US government’s decision to suspend investment sanctions on the country for its democratic reforms.
Coca-Cola first entered Myanmar in 1927.
Myanmar, Cuba and North Korea are the three countries where the drink company doesn’t do business.
The world’s biggest soft drink maker said Thursday it will start doing business in the country as soon as the US government issues a license allowing American companies to make such investments, AFP reported.
Coca-Cola said its products will initially be imported from neighbouring countries as it establishes local operations in Myanmar.
As part of its push in Myanmar, Coca-Cola said it is donating $3 million to support job creation for women in the country. The company will work with PACT, a non-governmental group that supports economic and health initiatives in developing nations.