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May 18, 2012

U.S. Lifts Trade Restrictions on Burma 
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The Obama administration continues to ease restrictions on Burma in the
aftermath of parliamentary elections and the release of political
prisoners. On Thursday, the United States said it will name its first
ambassador to Burma in 20 years. Speaking in Washington, Secretary of
State Hillary Clinton also announced the United States will ease the ban
on trading and other investments in Burma.

Hillary Clinton: "I am also announcing new steps to permit American
investment in the country and export of U.S. financial services. These
are the most significant adjustments to our previous policy that have
been taken to date. The United States will issue a general license that
will enable American businesses to invest across the economy, allow
citizens access to international credit markets and dollar-based
transactions. So today, we say to American business, invest in Burma and
do it responsibly. Be an agent of positive change."

 

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