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Trade Union Group Says Investment in Burma Declining - 2005-01-25


An international trade union organization says the Burmese military government continues to profit from multinationals, despite an overall decline in foreign investment in Burma.

The report Tuesday from the International Confederation of Free Trade Unions (ICFTU) also updates its list of companies doing business in Burma, to include China PetroChemical Corp., China Telecom, Lloyds of London, Rolls Royce and the state Bank of India.

The ICFTU says 439 multinationals are now profiting from what it calls the secretive and corrupt business environment in Burma.

In a statement the trade union group says that claims of progress in the way the Burmese military treats its citizens are merely cosmetic.

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