US Gems Association Eyes Trade Ties as Sanctions End

The American Gem Trade Association (AGTA) arrived in Myanmar for the first time this week to assess the gems sector and build trade relationships ahead of an anticipated end to the US sanctions regime, which would allow the legal import of Myanmar rubies and jade. The association’s president, Jeffrey Bilgore, said the mission had been […]

The sanctions game: US mulls rewriting Myanmar blacklist

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. Rolling back US sanctions on Myanmar will top the agenda Wednesday as President Barack Obama hosts democracy champion Aung San Suu Kyi, with American firms desperate to tap millions of consumers once cut off by the former junta. […]

Financial system to struggle despite sanctions relief

Amendment to US sanctions against Myanmar aimed at supporting economic growth still leave an array of barriers to trade between the two countries. Effective yesterday, the United States removed three state-owned banks from its blacklist of Specially Designated Nationals (SDNs), and added two military-owned lenders to a general licence that allows financial transactions with those […]

US to renew most Myanmar sanctions with changes to aid business

WASHINGTON: The United States plans to renew the bulk of its sanctions against Myanmar when they expire next week, but will make some changes aimed at boosting investment and trade, according to several senior U.S. officials and congressional aides. An announcement on extending much of the International Emergency Economic Powers Act, or IEEPA, could come […]

US unlikely to lift sanctions in 2016

Despite boasting a new democratically elected government that enjoys enormous popular support, Myanmar looks unlikely to shed the US sanctions that have restricted the country for decades, according to experts familiar with the sanctions program. Various individuals and organisations – international and domestic – have called for the US to lift sanctions against Myanmar, following […]

Sanctions fears choke nascent U.S. trade with Myanmar via Asia World Port

Western banks are cutting trade finance in Myanmar after learning that part of the country’s main port is controlled by a man blacklisted by Washington, threatening to stop nascent U.S. economic ties with the Southeast Asian nation in their tracks. U.S. shipments to Myanmar have slowed to a crawl in recent months, after several banks […]

Sanctions Make Myanmar Business Difficult, Not Impossible

Myanmar’s 2011 shift to a civilian government, after decades of military dictatorship, shocked observers and paved the way for dizzying changes in the country’s economy. Companies are now eying opportunities in Myanmar, as a rapid easing in U.S. sanctions is making business in the country feasible for the first time in years. Still, while the […]