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U.S. Moves to Boost Myanmar Trade Ties After EU Lifts Sanctions

The U.S. is moving to boost trade ties with Myanmar days after the European Union lifted sanctions as companies seek access to the former military regime sandwiched between China and India.

Acting U.S. Trade Representative Demetrios Marantis headed to Myanmar yesterday to begin talks on a framework agreement covering trade and investment, he said in a telephone interview from Hanoi, where he met with Vietnamese government officials. Three days ago, the EU cited Myanmar’s “remarkable process of reform” in eliminating all punitive restrictions except for an arms embargo.