• By The Financial District

U.S. SCRAPS TRADE ACCORD WITH MYANMAR

The United States announced the suspension of all trade engagement with Myanmar under a 2013 agreement following the military's Feb. 1 coup and its violent repression of pro-democracy protests, Kyodo News reported.

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The measure, which will remain in effect until the return of a democratically- elected government, is the latest in a series of actions taken by the administration of US President Joe Biden to pressure the Myanmar military regime.


The killing of peaceful protesters, students, workers, labor leaders, medics, and children has "shocked the conscience of the international community," US Trade Representative (USTR) Katherine Tai said in a statement.


Government & politics: Politicians, government officials and delegates standing in front of their country flags in a political event in the financial district.

"These actions are a direct assault on the country's transition to democracy and the efforts of the Burmese people to achieve a peaceful and prosperous future," she added.


In 2013, the US and Myanmar signed an agreement that created a platform for dialogue and cooperation on trade and investment issues, according to the USTR.


Under the deal, Myanmar agreed to cooperate with the US on programs to support economic reforms and integration into the global trading system, it said.



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Happyornot makes feedback terminals measuring customer satisfaction sing smiley-face buttons.
Happyornot makes feedback terminals measuring customer satisfaction sing smiley-face buttons.