The United States is now prepared to lift sanction (Yangon)
“The United States is now prepared to lift sanctions that we’ve imposed on Burma for quite some time,” Mr. Obama said. “It is the right thing to do in order to ensure that the people of Burma see rewards from a new way of doing business and a new government.” The Obama administration in May announced it would lift some additional sanctions against state-owned enterprises and state-owned banks. The U.S. has also taken steps to make it easier for American companies to conduct business in Myanmar as Washington tries to reward efforts at democratic reform.
Consular State said her priorities in office included “national reconciliation and peace,” noting that the country has long been divided and racked by conflict. She called for renewed international investment in Myanmar now that U.S. sanctions were ending.
“I expect businessmen to come to our country to make profits,” she said.