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MYANMAR – The National Unity Government NUG Ministry of Economy and Commerce has decided to abolish the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI), which is benefiting and collaborating with the junta council and not prioritizing the public interest, along with its constitution.
The NUG said it has observed that although UMFCCI as a commercial organization has an obligation to prioritize public interest, it is contributing to the financing of the terrorist junta council in committing human rights violations, war crimes, genocides, crimes against humanity; and the direct perpetration of labor rights violation in collaboration with the terrorist army, benefiting it in various ways.
The National Unity Government warned that it is forbidden to extract and spend even a single bit of the assets and funds of the federation starting from December 24, when this order was issued, and that it will take action in accordance with the rules and existing anti-terrorism laws against the entrepreneurs and employees who continue working for and collaborating with the UMFCCI organization, continue to use the assets and funds and continue to act in the name of the organization, deeming them to be supporters of the terrorist junta council.