US lifts decades-long trade sanctions against Myanmar - News Summed Up

US lifts decades-long trade sanctions against Myanmar


The news came as Myanmar’s de facto leader, Aung San Suu Kyi, arrived in Washington on her first official visit. Myanmar’s access to trade benefits for poorer nations had been suspended in 1989 over human rights abuses. Though many companies will now enjoy lower tariffs, there are some sanctions which remain in place. President Obama said the lifting of some sanctions would happen “soon”, but did not give further details. Ms Suu Kyi called on the US Congress to eliminate all remaining sanctions against Myanmar.


Source: Dhaka Tribune September 14, 2016 18:45 UTC



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