Obama Removes Myanmar Sanctions

President Barack Obama removed sanctions on individuals under the Block Burmese Junta’s Anti-Democratic Efforts (JADE) Act of 2008, and lifted a 1997 emergency executive order that banned new investment in Myanmar, according to an Oct. 7 presidential document (here). Obama in September announced the addition of Myanmar as a least developed beneficiary developing country to the U.S. list of Generalized System of Preferences beneficiaries after a roughly 27-year absence from the program (see 1609140032), part of his administration’s actions to liberalize trade and investment with the country since it made several democratic reforms.