Obama Lifts Economic Sanctions On Burma
by Merv Stevens | on
The US President Barack Obama has eased sanctions against Burma to allow US companies to invest there.
He called the move a “strong signal” of support for political reform taking place in the southeast Asian country.
But Mr Obama said Washington remained concerned about the lack of investment transparency as well as the military’s role in Burma’s economy.
He made it clear that US firms would be required to make detailed disclosures on their dealings there.
“Today, the United States is easing restrictions to allow US companies to responsibly do business in Burma,” Mr Obama said in statement.
He also praised the country for “significant progress along the path to democracy.”
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About The Author: Merv Stevens
Merv Stevens works in internet and network marketing. He is of the opinion that marketing online provides the potential for people to create a substantial income and a life filled with freedom and flexibility. If you provide quality products and services ethically and with integrity, then you will achieve success in your business and all areas of life. It’s these values and practices that he brings to his internet marketing business.
