Yesterday, President Obama and Secretary of State Clinton announced significant changes to the sanctions imposed on Myanmar by the United States. We’ll continue to update the SBM Blog to provide information about how these changes impact upon Myanmar and United States companies. We’ll also be hosting a presentation at SBM Forum (June 16) on international investments and partnerships.
In the meantime, note the following excerpts from this Al Jazeera article: http://www.aljazeera.com/news/americas/2012/05/2012517191937871609.html
Hillary Clinton, the secretary of state, who met her Myanmar counterpart Wunna Maung Lwin in Washington, said: ”Today we say to American business: invest in Burma and do it responsibly.”
. . .
The US government will now license certain types of investment in financial services and allow US businesses to work in Myanmar, though will ensure that those who abuse human rights and seek to slow progress do not benefit.