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United States eases Burma import restrictions

Text by News Wires

Latest update : 2012-11-16

The US eased its import ban on Burma on Friday for the first time in almost a decade, issuing a waiver and general license for the importation of most goods. The move marks a further step in the rapprochement between the countries.

The United States eased restrictions on goods from Myanmar for the first time in nearly a decade, just a day ahead of President Barack Obama's historic trip to the country.

The looser restrictions mark a further step in the U.S. rapprochement with the rapidly reforming country, and could be a further political boost to the former general now leading changes in Myanmar, also known as Burma.

Officials said the Myanmar government said easing the import ban could help further integrate their country into the global  economy.

"Today's joint actions ... are intended to support the Burmese government's ongoing reform efforts and to encourage further change, as well as to offer new opportunities for Burmese and American businesses," the U.S. Treasury and State  departments said in a joint statement on Friday.

The government issued a waiver and general license to ease  the ban on most goods, though it will not cover jadeite and ruby  imports.

(REUTERS)
 

Date created : 2012-11-16

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