Coke Back in Burma After 60 Years

Coca-Cola will invest $100M in country: Burmese president
By Matt Cantor,  Newser User
Posted Sep 10, 2012 2:40 PM CDT
This Monday, July 16, 2012, photo, shows a Coca-Cola advertisement.   (AP Photo/Grant Hindsley)

(Newser) – For the first time in more than 60 years, the people of Burma are able to kick back with a Coke. Now that US sanctions against Burma are over, Coca-Cola has teamed with a local manufacturing firm to ship Coke, Coke Light, and Sprite all over the country. It's also planning to start production and bottling in Burma as soon as it can.

The news comes after PepsiCo announced plans to sell its own drinks in the country. Burmese President Thein Sein says Coca-Cola is reportedly investing $100 million in Burma—which translates into 2,000 jobs. It has also donated $3 million to help support women's rights and jobs in the country, Reuters reports. (Read more Coca-Cola stories.)

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