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UPS Expands Shipping Services in Myanmar

As global trade in Myanmar continues to grow, UPS, the world’s largest package delivery company, announced it has expanded its portfolio of shipping services offered in the country.

These services include express delivery and contract logistics services, which the company said complements the air and ocean freight services launched in August of last year.

“UPS is excited to be part of the economic transformation in Myanmar as the market opens up to foreign investment and businesses connect to the global marketplace,” said Jim O’Gara, president of South Asia District, UPS Asia Pacific Region. “Trade is a key driver of continued economic growth and this expansion reinforces our commitment to helping businesses create a competitive advantage through logistics.”

Several political and economic reforms made over the past three years have helped pave the way for increased foreign direct investment in Myanmar, which is predicted to surpass $5 billion during the current fiscal year.

The growing number of foreign businesses receiving licenses to operate in the manufacturing, telecommunications and banking sectors of Myanmar require logistic solutions to help them align local operations to their global business strategies. UPS says they can support small local businesses as they begin to engage in global trade.

Businesses can now use UPS’s Worldwide Express services in and out of the country, with transit times varying from one to three business days throughout Asia, Europe and the U.S.

“The expanded service portfolio in Myanmar strengthens UPS’s service offering in the emerging markets of Asia. With regional economic integration gaining momentum and Myanmar’s strategic location close to China, India and other ASEAN markets, we are helping businesses broaden their reach as Asia drives the growth in international trade,” O’Gara added.