The latest U.S. sanctions on a Myanmar lawmaker [လႊတ္ေတာ္အမတ္ ဦးေအာင္ေသာင္းကို အေမရိကန္ ပိတ္ဆို႔အေရးယူ] highlight the conundrum for companies looking to bring Western investment to the country: more names are going on the Myanmar blacklist than coming off. . The new sanctions highlight the obstacles to Western firms seeking to do business in Myanmar. U.S. officials have been encouraging companies to consider investing in Myanmar, which was under an almost complete trade ban until 2012, after a civilian government was formed. But while U.S. diplomats are actively encouraging Myanmar businessmen to apply to be taken off the U.S. blacklist, few of the 100 or so names have so far been removed. That means American firms remain forbidden from doing business with many of the country’s key players. No names were taken off the blacklist in 2014 and only one was removed in 2013, while several were added, according to public records. . blogs.wsj/riskandcompliance/2014/10/31/new-blacklisting-shows-myanmar-business-still-perilous/
Posted on: Sat, 01 Nov 2014 07:38:54 +0000