US lifts ban on Myanmar imports
November 17, 2012 12:20
The United States on Friday eased decade-old import restrictions on Myanmar goods just days before President Barack Obama sets foot on the Southeast Asian nation.
The departments of state and treasury said the move was taken to support the ongoing reform efforts in the nation, encourage " further change" and offer new opportunities for businesses in both countries.
As a result, the United States will open up to most products from Myanmar under a waiver and general license with the exception of jadeite and rubies mined or extracted from the country as well as articles of jewellery containing them.
US Secretary of State Hillary Clinton announced on Sept 26 that Washington would begin the process of easing the import ban put in place since 2003, in response to the advances made in the country''s reform efforts over the past year.
The departments of state and treasury said the move was taken to support the ongoing reform efforts in the nation, encourage " further change" and offer new opportunities for businesses in both countries.
As a result, the United States will open up to most products from Myanmar under a waiver and general license with the exception of jadeite and rubies mined or extracted from the country as well as articles of jewellery containing them.
US Secretary of State Hillary Clinton announced on Sept 26 that Washington would begin the process of easing the import ban put in place since 2003, in response to the advances made in the country''s reform efforts over the past year.
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