Obama pledges to lift economic sanctions against Myanmar

During a visit Wednesday with Myanmar's leader Daw Aung San Suu Kyi, President Obama announced he would "soon" be lifting economic sanctions imposed against the country decades ago. "Recognizing the progress toward democratic transition that Myanmar has achieved, including through the election of a civilian-led government, and in an effort to support inclusive economic growth, the United States will terminate the National Emergency with respect to Myanmar and will revoke the Executive Order-based framework of the Burma sanctions program," the White House said in a statement.
Sanctions were originally imposed because of human rights violations committed under Myanmar's military rule, and were intended to "isolate Myanmar's former military junta," NPR reported. With sanctions lifted, Myanmar will once again be exempted from high import taxes, a benefit offered to poorer countries. However, BBC reported, sanctions will remain in place against a "'blacklist' of at least 100 companies and individuals with links to the former military junta, as well as trade in jade and rubies."
Obama didn't offer an exact timeframe for when sanctions will be lifted, but many critics fear the move is coming too soon. Myanmar's military still holds "over 25 percent of parliamentary seats, its ability to dissolve the parliament in times of national emergency, and its control over the nation's security, defense, and border ministries," The New York Times reported. "It sends a terrible message to say you're not going to reward a government unless they do something, and then reward them anyway," John Sifton, the deputy Washington director of Human Rights Watch, told the Times.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Obama, however, did note that Myanmar's progress "is not complete." Aung San Suu Kyi agreed that more needed to be done to reduce the military's power within the government.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
-
Economists fear US inflation data less reliable
speed read The Labor Department is collecting less data for its consumer price index due to staffing shortages
-
Crypto firm Coinbase hacked, faces SEC scrutiny
Speed Read The Securities and Exchange Commission has also been investigating whether Coinbase misstated its user numbers in past disclosures
-
Starbucks baristas strike over dress code
speed read The new uniform 'puts the burden on baristas' to buy new clothes, said a Starbucks Workers United union delegate
-
Warren Buffet announces surprise retirement
speed read At the annual meeting of Berkshire Hathaway, the billionaire investor named Vice Chairman Greg Abel his replacement
-
Trump calls Amazon's Bezos over tariff display
Speed Read The president was not happy with reports that Amazon would list the added cost from tariffs alongside product prices
-
Markets notch worst quarter in years as new tariffs loom
Speed Read The S&P 500 is on track for its worst month since 2022 as investors brace for Trump's tariffs
-
Tesla Cybertrucks recalled over dislodging panels
Speed Read Almost every Cybertruck in the US has been recalled over a stainless steel panel that could fall off
-
Crafting emporium Joann is going out of business
Speed Read The 82-year-old fabric and crafts store will be closing all 800 of its stores