WASHINGTON (AP) — 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.
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
To comment, the following rules must be followed:
Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Links require admin approval before posting.
Questions may be sent to firstname.lastname@example.org. Please provide detailed information.