Coca-Cola prepping to sell drinks in Myanmar for first time in 60 years - InfoNews

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Coca-Cola prepping to sell drinks in Myanmar for first time in 60 years

FILE- In this April 20, 2009, file photo, a customer walks by cases of Coca-Cola at JJ&F Market in Palo Alto, Calif. Coca-Cola, the world's biggest soft drink maker said Thursday, June 14, 2012, it will start doing business in Myanmar as soon as the U.S. government issues a license allowing American companies to make such investments, the first time in 60 years. (AP Photo/Paul Sakuma, file)
June 14, 2012 - 3:07 PM

NEW YORK, N.Y. - The Coca-Cola Co. is preparing to sell its drinks in Myanmar for the first time in 60 years.

The world's biggest soft drink maker says it will start doing business in the country as soon as the U.S. government issues a license allowing American companies to make such investments. Coca-Cola says that license is imminent.

Myanmar is one of three countries where Coca-Cola doesn't do business. The other two are Cuba and North Korea.

Coca-Cola says its products will initially be imported from neighbouring countries while it establishes local operations.

The Myanmar government earlier this year drew praise after its release of political prisoners, which resulted in the U.S. announcing it would upgrade diplomatic relations with the country it has shunned for more than two decades.

News from © The Associated Press, 2012
The Associated Press

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