Wednesday, July 11, 2012

Sanctions about US to Myanmar eases

USA announced on wednesday easing sanctions on Myanmar, also known as Burma, allowing American companies to conduct business in the Southeast Asian nation.
An investment ban had been in place since 1997.
"President Thein Sein, Aung San Suu Kyi and the people of Burma continue to make significant progress along the path to democracy, and the government has continued to make important economic and political reforms," President Barack Obama said in a written statement. "Easing sanctions is a strong signal of our support for reform, and will provide immediate incentives for reformers and significant benefits to the people of Burma."

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