Joint Comment on the Reporting Requirements on Responsible Investment in Burma

Description: 

"After submitting a detailed comment [MAIN URL] to the US Department of State expressing concern over weak reporting requirements for US companies considering investing in Burma, EarthRights International, Freedom House, Physicians for Human Rights, U.S. Campaign for Burma and United to End Genocide issued the following statement: ?We continue to be deeply concerned by the US government?s decision to lift all remaining sanctions, and allow corporations unrestricted investment access to Burma despite widespread corruption, ongoing human rights violations and a total lack of rule of law. Although US companies will be required to report on their investments, the current requirements lack specificity about enforcement and consequences for non-compliance. Furthermore, existing loopholes enable companies to designate information as ?confidential? as a way to avoid public scrutiny. The US government should take immediate steps to ensure that there is a strong regulatory framework that can effectively promote accountability and transparency..."

Source/publisher: 

Physicians for Human Rights (PHR) et al

Date of Publication: 

2012-10-04

Date of entry: 

2012-10-07

Grouping: 

  • Individual Documents

Category: 

Language: 

English

Local URL: 

Format: 

pdf

Size: 

134.6 KB