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US eases Myanmar sanctions

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Guest Kenny

From Phnom Penh Post

Friday 13th July 2012

By David Boyle and Cheang Sokha

The US gave its business community the green light to invest in Myanmar late on Wednesday night, including the country’s rich oil and gas fields, though restrictions remain on who they can do business with.

 

Shortly after April’s by-elections in Myanmar, also known as Burma, the US announced that it planned to ease the sanctions in recognition of the country’s dramatic transition from five decades of military rule to a limited form of democracy.

 

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