WASHINGTON (AP/WANE) — President Barack Obama is lifting U.S. economic sanctions on the former pariah state of Myanmar, which used to be known as Burma.
The White House says Obama signed an executive order lifting the sanctions on Friday. He had announced plans to do so last month, when Myanmar’s new civilian leader, Aung San Suu Kyi, visited the Oval Office.
Obama’s move marks the culmination of years of rapprochement between the U.S. and Myanmar that Obama has worked to facilitate. The Southeast Asian nation has pursued political reforms over the last five years following decades of oppressive military rule which resulted in thousands of people fleeing the country, many of whom have ended up in Fort Wayne as the result of the efforts of Catholic Charities.
The U.S. has already eased broad economic sanctions on Myanmar, including prohibitions on investment and trade. But the U.S. had retained more targeted restrictions on military-owned companies and officials and associates of the former ruling junta.
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