Burma/Myanmar: The Suspension of EU Sanctions “A New Chapter in Trade and Investment”

May 17, 2012
The European Union this week welcomed “a new chapter” in its trade and investment relationship with Burma/Myanmar. With effect from 15 May 2012, all restrictive measures in respect of Burma/Myanmar — except the arms embargo and the embargo on equipment that might be used for internal repression — are suspended. The suspension of prohibitions includes restrictive measures in relation to the import and export, financing and participation in certain extractive industries. This update reviews these developments.