The Obama administration has granted permission for U.S. companies to invest in Burma, the latest and most significant in a series of moves to ease sanctions following apparent reforms and the election of Burmese pro-democracy leader Aung San Suu Kyi to parliament. The move would open up Burma’s oil-and-gas sector to U.S. companies, despite a call by Suu Kyi for foreign companies to boycott the state-run oil company until it becomes more open and accountable. Human rights groups have slammed the decision, saying the United States appears to have caved to industry pressure.
U.S. Allows Companies to Invest in Burma
HeadlineJul 12, 2012