JFM urges Tasaki to end business partnership with military junta

Jonathan, Narinjara News, 19 June 2024

Justice for Myanmar (JFM), an influential human rights group, urged Tasaki company limited to cease all operations in Myanmar, said a statement issued on Monday.

JFM stated that Tasaki, a Japanese company cooperating with the Myanmar military regime in the pearl industry, continues to collaborate with the Myanmar Pearl Enterprise (MPE) which faces sanctions by the United States, UK and Canada.

So the JFM calls on Tasaki  and its investors to responsibly end all business ties with the  military junta and respect human rights.

Moreover, it asked the Japanese company to disclose all of its transactions with MPE and other junta-controlled entities starting from 1 February 2021.

The military junta benefits significantly from the revenues generated through the pearl industry including through a production sharing agreement where MPE  receives 20-25% of the harvested pearls.

According to the JFM,  the junta is benefited by the customs duty and other taxes. Moreover,  the transfer of technology that enhances the production also benefits the junta.