Description:
" Last week, the Obama Administration suspended some of the most important financial sanctions against Burma. U.S. companies are now allowed to invest in Burmese industries (including oil and gas) and to sell services.
Yet on Wednesday of this week, the U.S. Senate Finance Committee took a decision that pointed in exactly the opposite direction. It voted to renew trade sanctions passed nine years ago in response to the military junta?s attempted assassination of Aung San Suu Kyi. (She survived, but the attack resulted in scores of other deaths.) The renewal of the legislation -- if it passes a vote of the full Senate and the House, which still have to confirm the decision -- will technically ban all imports from Burma for another three years. Since the ban was first imposed in 2003, imports from Burma to the U.S. have fallen to almost zero, a sweeping prohibition that has done a lot of damage to Burma?s nascent manufacturing industry. For that reason, Aung San Suu Kyi actually asked U.S. Senator Mitch McConnell to remove the remaining sanctions early last week. But her plea didn?t seem to help..."
Source/publisher:
"Foreign Policy"
Date of Publication:
2012-07-20
Date of entry:
2012-08-03
Grouping:
- Individual Documents
Language:
English
