April 30, 2013 3:06 PM

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US carmaker Ford to enter Myanmar

The US carmaker Ford has become the latest foreign company to announce plans to enter Myanmar, after investment sanctions against the country were suspended. Ford has signed a deal with Myanmar's conglomerate Capital Diamond Star Group to open a showroom in Yangon. Various countries suspended their sanctions against Myanmar last year as it introduced democratic reforms. Ford said it will offer a range of cars and trucks across various vehicles segments in Myanmar.

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