Obama eases U.S. sanctions on Myanmar
|Publisher||Radio Free Europe/Radio Liberty|
|Publication Date||11 July 2012|
|Cite as||Radio Free Europe/Radio Liberty, Obama eases U.S. sanctions on Myanmar, 11 July 2012, available at: http://www.refworld.org/docid/50002546c.html [accessed 30 May 2016]|
|Disclaimer||This is not a UNHCR publication. UNHCR is not responsible for, nor does it necessarily endorse, its content. Any views expressed are solely those of the author or publisher and do not necessarily reflect those of UNHCR, the United Nations or its Member States.|
July 11, 2012
U.S. President Barack Obama has eased sanctions against Myanmar to allow U.S. companies to invest there, calling the move a "strong signal" of support for political reform in the country.
However, Obama said Washington remained concerned about the lack of investment transparency as well as the military's role in Myanmar's economy and made clear that U.S. firms would be required to make detailed disclosures on their dealings there.
Obama's statement was issued shortly after the arrival there of the first U.S. ambassador, Derek Mitchell, to Burma in two decades.
Based on reporting by AFP and Reuters