US lifts ban on most Myanmar imports
In order to boost reform in Myanmar US President Barack Obama has trashed a nearly decade-old ban on most imports from Myanmar. Thus, US economy will now open up to products from the Myanmar (formerly known as Burma).
The exception to the imports would be gems, which is considered as a sector which is a major driver of corruption and violence.
US President Obama is the first sitting US president to visit Myanmar.
US held that in spite of the favourable changes, the US remained worried about continued political prisoners, ethnic conflict, corruption and Myanmar’s lingering military ties to North Korea.