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World Map / Upcoming Elections / US Presidential election 2016 / US Election Updates / US eases sanctions on Myanmar to boost trade after elections

2016 Presidential Election
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US Election Updates - May 19, 2016

US eases sanctions on Myanmar to boost trade after elections

The US Treasury Department on Tuesday lifted sanctions on 10 businesses in Myanmar – seven state-owned enterprises and three state-owned banks. This was the nation’s response to Myanmar's transition from military rule to democracy. The objective of easing trade with one of the fastest-growing economies in South-east Asia is to deepen its engagement with Myanmar and helping US companies to contribute to country’s development.

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