09/03/2012 03:14 EDT | Updated 11/03/2012 05:12 EDT

Trade minister announces trade commissioner for new embassy in Myanmar

OTTAWA - A trade commissioner is being assigned to Canada's planned embassy in Myanmar.

Trade Minister Ed Fast says the idea is to help Canadian firms and entrepreneurs who want to explore investment opportunities in the country.

Canada restored relations with the Asian country earlier this year and announced it would open an embassy, encouraged by signs of democratic and economic reforms.

But Fast, who is wrapping up a trip to Asia, says Canadian firms still need to exercise caution in Myanmar, formally Burma.

He notes that some of the promised reforms have not yet been completed.

The minister says Canadian businesses can take advantage of a demand in Myanmar and neighbouring countries for financial services, telecommunications systems and assistance with food processing.