US, Myanmar sign trade agreement

The United States and Myanmar struck a trade agreement on Tuesday as the former pariah state undertakes economic reforms and seeks greater US investment. The Trade and Investment Framework Agreement is aimed at promoting bilateral dialogue and cooperation on trade and investment issues, the US Trade Representative (USTR) said in a statement. "As part of this dialogue, the two sides will work together to identify initiatives that support the ongoing reform programme and promote inclusive development that benefits the people of Burma, including the poorest segments of its population," the trade office said, using the former name of Myanmar. The trade pact was signed by Acting US Trade Representative Demetrios Marantis and Myanmar's Deputy commerce Minister Pwint San.