United States to lift its sanctions on Myanmar

On 14 September 2016, President Obama has said that the United States (the “US”) will lift most of its sanctions on Myanmar. This in response of the country’s moves towards democracy after decades of military rule

Currently, US sanctions regime against Myanmar restricts trade in precious stones, and doing business with some of Myanmar’s military officials and their associates. The US sanctions relating to arms and military cooperation, will not be affected.