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President Obama Renews Burma Investment Sanctions
By US Campaign for Burma • May 16, 2014(Washington, D.C.) – Today, President Obama continued the national emergency with respect to Burma. This follows the call for renewal from U.S. Campaign for Burma (USCB) and 28 other human rights organizations on May 6 (see letter here).
President Obama cited Burma’s nascent political opening, ongoing conflict and human rights abuses in ethnic minority areas, particularly in Rakhine State, and the military’s continuing role in political and economic activities as persisting concerns that inform the continuation of the national emergency. The national emergency provides the authority for the ban of U.S. investment in the Burmese military and the authority for the Reporting Requirements for Responsible Investment in Burma.
“By renewing US investment sanctions, President Obama is recognizing the perpetuation of abuse and corruption by the Burmese government that disenfranchise and harm Burma’s people,” said USCB Policy Director Rachel Wagley. “The US Administration is sending a strong message that the Burmese government’s persecution of ethnic minorities, political backsliding on crucial reforms, and drafting of new repressive laws will not be tolerated.”
Media Contact:
Jennifer Quigley at (202) 234-8022
This post is in: Press Release
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