US sanctions lifted in Burma

On July 11th, the US government announced lifting of sanctions on investment in Burma. It is the largest lifting of sanctions in the past 15 years and was welcomed with caution by Nobel Peace Laureate Aung San Suu Kyi.

Last month, Aung San Suu Kyi urged foreign companies not to invest in the state-owned Myanmar Oil and Gas Enterprise (MOGE). Although she and her party, the National League for Democracy,support investments as a way to reward the current reform process in Burma, she claims thatMOGE lacks transparency and accountability.

At the moment, the only way to access natural resources in Burma is to do business with MOGE. Many activists inside and outside Burma fear that the US investments in resource exploitation will worsen human rights issues instead of solving them. The company operates primarily in ethnic areas and has no regards for human rights of local people.the entire article