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Western fast-food chains that might covet Myanmar have also had U.S. sanctions to contend with. The U.S. first slapped economic sanctions on Myanmar in 1997 due to the military government's repression of its democratic opposition. In 2012, the U.S. began easing those sanctions.

Now as Myanmar steps toward democracy and its ties with the U.S. improve, its market dynamics are changing.

Yum Brands is even considering introducing Pizza Hut restaurants to the country.