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US-Myanmar sanctions could be lifted in 2016

Content type:: Expert Briefings
Location:: MYANMAR/US
Keywords associated with this article:: Geographic: Myanmar United States AP MYANMAR/US

Topical: international relations banking election environment foreign investment foreign policy foreign trade labour legislation mining natural resources party policy private sector sanctions welfare
ISSN:: 2633-304X
Citation:: Oxford Analytica (2015), "US-Myanmar sanctions could be lifted in 2016", Expert Briefings.
https://doi.org/10.1108/OXAN-DB207099

Friday, December 4, 2015

Subject

Outlook for US sanctions on Myanmar.

Significance

Following Myanmar's historic election that will end decades of military rule, the country's officials and business leaders are pressing for remaining US sanctions to be lifted. The issue arose during Senate confirmation hearings on December 1 for the US administration's nominee to be ambassador to Naypyidaw, Scot Marciel. On November 25 during a visit to Myanmar, Assistant Secretary of State Daniel Russel outlined pre-conditions for sanctions relief.

Impacts

Congressional support for the full lifting of US sanctions on Myanmar will be limited for now.
Thus US citizens will continue facing restrictions on importing Myanmar-mined gems and trading with certain Myanmar banks.
Lifting of US restrictions on Myanmar's jade exports will take time and demand environmental and rights improvements.

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