US suspends trade deal with Myanmar

Strongly condemning the killing of peaceful protesters, students, workers, labour leaders, medics, and children, the United States has immediately suspended all US engagement with Burma under the 2013 Trade and Investment Framework Agreement.


US Trade Representative Katherine Tai (PHOTO: Twitter)

The United States has suspended trade deal with Myanmar until  the return of a democratic government in the violence-hit country which is under the control of the military since the February 1 coup.

US Trade Representative Katherine Tai said in a statement that the US strongly condemns the violence in Myanmar and supports the people of Myanmar in their struggle to restore a democratically elected government. 

Taking control of the country, the Myanmar military jailed Aung San Suu Kyi and other political leaders on February 1. Since the military takeover, there has been total unrest in the country and several protesters have been killed 

Strongly condemning the killing of peaceful protesters, students, workers, labour leaders, medics, and children, the United States has immediately suspended all US engagement with Burma under the 2013 Trade and Investment Framework Agreement.

Earlier, the United States and the United Kingdom had imposed sanctions on two conglomerates controlled by Myanmar's military, Myanmar Economic Holdings Ltd. and Myanmar Economic Corp, according to reports. .

Under the trade agreement, the US and Myanmar cooperated on trade and investment issues in an effort to integrate Myanmar into the global economy, a reward for the military's decision to allow a return to democracy a transition that ended abruptly with last month's coup

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First Published:March 30, 2021, 9:51 p.m.

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