US temporarily lifts Myanmar shipping restrictions

December 8, 2015 2:02 PM (UTC+8)

 

(From AFP/Bangkok Post)

The United States has temporarily eased restrictions on trade through Myanmar’s ports, a post-election move welcomed on Tuesday by business leaders in the economically booming Southeast Asian nation.

Yangon Myanmar container port
Yangon, Myanmar container port

The policy shift comes after Myanmar held landmark polls last month swept by the pro-democracy opposition party of Aung San Suu Kyi and will make it easier for US companies to deal directly with the country’s crucial ports and airports.

Washington lifted most trade sanctions against Myanmar after decades of brutal junta rule gave way to a quasi-civilian reformist government in 2011.

However, dozens of junta-era cronies and their sprawling business interests remain on a Washington embargo. Read more

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