07
OCT
2016

US Sanctions on Myanmar Lifted

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According to Myanmar Times, US President Barack Obama signed an executive order on 7 October terminating the sanctions, following his pledge to do so made when State Counsellor Daw Aung San Suu Kyi visited the White House on September 14.

The order also reinstates preferential tariffs for Myanmar that were suspended more than two decades ago due to human rights abuses.

Mr Obama stated at the time of Daw Aung San Suu Kyi’s visit that revoking sanctions would be “the right thing to do to ensure that the people of Burma see rewards for a new way of doing business”.

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