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Burma/Myanmar: EU sanctions suspended
The Council today adopted a regulation that, together with a Council decision adopted on
26 April, will give full legal effect to the suspension of EU sanctions against
The EU restrictive measures against Burma/Myanmar are suspended for one year. Only the
embargo on arms and equipment that can be used for internal repression will remain in
force for another 12 months. The suspension of the sanctions is part of the EU’s policy to
welcome and encourage the ongoing reform process in Burma/Myanmar.
EU High Representative for Foreign Affairs and Security Policy, Catherine Ashton, said:
"The European Union welcomes the remarkable changes in Burma/Myanmar and has
decided to open a new chapter in our relations. Now that the sanctions will be effectively
suspended, we encourage trade and investment in the country."
The suspended measures concern trade and investment in the sectors of logging, timber
processing and mining of precious metals and precious stones. In addition, persons
involved in policies that impeded Burma/Myanmar's transition to democracy and military
owned companies or companies controlled by the government of Burma/Myanmar were
targeted by asset freezes and travel bans. Source : EU
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