Business, Freight News, Logistics

Damco gains Myanmar licence

[ August 21, 2013   //   ]

Freight forwarder Damco has gained a permanent license in July to operate under its own legal entity in Myanmar making it one of the first supply chain solution providers to offer genuine end-to-end logistics services there, it says. Trade barriers with the country of around 60 million people were lifted in 2012.

Damco is working closely with the UK-based Institute for Human Rights and Business and the Danish Institute for Human Rights to ensure the UN Guiding Principles on Human Rights are applied.

In May 2012, Damco participated in a fact-finding mission which involved consulting with NGOs, local companies, and diplomats. Subsequently, a resource centre was established within the British Council in Yangon and an experienced business development manager has been accompanying some of Damco’s most important customers to meet local trade associations, conduct market studies and look at vendor sourcing and setting up operations.

It has also taken initial steps to set up its own office in Myanmar and has already set up a container freight station operation in Yangon to handle its first shipments from the country.