Last Updated: Thursday, 18 December 2014, 14:40 GMT

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 19 December 2014]
DisclaimerThis 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

Link to original story on RFE/RL website

Copyright notice: Copyright (c) 2007-2009. RFE/RL, Inc. Reprinted with the permission of Radio Free Europe/Radio Liberty, 1201 Connecticut Ave., N.W. Washington DC 20036

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