US lifts sanctions on Myanmar
President Barack Obama on October 7 formally announced the lifting of US sanctions, which had been imposed on Myanmar for almost two decades.
President Barack Obama and Myanmar's State Counsellor Aung San Suu Kyi (Source: Reuters)Washington (VNA) – President Barack Obama on October 7 formally announced the lifting of US sanctions, which had been imposed on Myanmar for almost two decades.
The decision followed a meeting between Obama and Myanmar's State Counsellor Aung San Suu Kyi in Washington last month.
President Obama signed an administrative order terminating an emergency state that deemed the policies of the former military government a threat to US national security.
"I have determined that the situation that gave rise to the national emergency has been significantly altered by Burma's (Myanmar's) substantial advances to promote democracy, including historic elections in November 2015," Obama said in a letter to the US House and Senate speakers.
The move, which allows Myanmar to benefit from the Generalised System of Preferences (GSP), a US preferential tariff system for the poor and developing countries, will encourage US investors to enter Myanmar, according to the US President.-VNA
You should also see
Vietnam an attractive destination for electronics, semiconductor investors: Official
Vietnam has strong infrastructure and research and development incentives as well as a skilled workforce, making it an attractive for “eagles” worldwide in the electronics and semiconductor industry, according to Deputy Minister of Planning and Investment Tran Duy Dong.
See more
World
Thailand promotes AI, creative economy
The Federation of Thai Industries (FTI) is planning to establish new units to align with the government's policy to promote artificial intelligence (AI) and the creative economy as levers of soft power.
World
Laos, Myanmar review border cooperation
The sixth conference reviewing the check, repair, and construction of border markers between Laos and Myanmar has been held in Laos’s Bokeo province, aiming to foster security and order along their shared border.
ASEAN
Food security, climate change top ASEAN agenda during Malaysia’s chairmanship
Enhancing regional food security and tackling the pressing challenges of climate change will be key agendas defining Malaysia’s ASEAN Chairmanship in 2025, Speaker of the Dewan Rakyat (lower house) Johari Abdul told the press on April 19.
World
ASEAN foreign ministers call for end to Myanmar violence
ASEAN foreign ministers on April 19 issued a statement calling on all parties to immediately cease violence and exercise maximum restraint in the border areas of Myanmar.
World
Indonesia’s Mount Ruang continues to emit ash
After a series of eruptions earlier this week that forced thousands to evacuate, Mount Ruang in North Sulawesi, Indonesia, continued to emit ash on April 19 afternoon.
