Yacht Builder Fined $200K Over Myanmar Teak

Luxury yacht manufacturer Sunseeker faces a 200,000 USD fine in a Florida court for violating the Lacey Act by using illegal teak imported from the state-controlled Myanma Timber Enterprise. This follows a previous 450,000 USD fine in the United Kingdom over similar illegal imports. #MyanmarTrade #TeakSanctions #MyanmarBusiness #MyanmarEconomy #LaceyAct Subscribe to our channel for more breaking economic news.