United States top business officials will visit Myanmar

Photo: @CSIS/Flickr

United States high ranking business officials namely Robert Hormats, undersecretary of state who heads the  economic growth and Francisco Sanchez, the undersecretary of commerce for international trade will be going to Myanmar for two days to encourage and support trade and business, as disclosed by  the State Department.

They are scheduled to visit the capital Naypyidaw as well as Yangon known for its commercial hub in support of the governing reforms the government of Burma is undertaking. These two high ranking officials will gladly join the delegation of the US-ASEAN Business Council to help impart better business relation with Myanmar, according to news reported from AFP.

The administration of President Barack Obama has lifted various sanctions to this once isolated country after years of military ruling when the world has witnessed the series of reforms which the government has implemented. But other sanctions remained untouched like for instance ban on imports from Myanmar like gems. These gems are actually giving revenue for the military.

Aside from the U.S., Western Union and other ASEAN countries have lifted sanctions in Myanmar to which the country has progressively moved a step further for development and expansion.

Many were surprised after learning of the different reforms President Thein Sein has initiated for the betterment of the country. Economic wise, business investors from foreign countries have increased.

Political prisoners were granted the amnesty act thus they were released from jail. Democratic leader Aung San Suu Kyi and her party were given the opportunity to join and participate in the political arena to which they victoriously won and took a seat in the parliament. These were just few of the reforms implemented by the government.

With the visit made by Secretary of State Hillary Clinton in Myanmar last December, she addressed also the government to put a stop to violence and hostilities against ethnic minorities.