Australia To Loosen Reins On Trade With Myanmar

Law360, New York (April 16, 2012, 3:31 PM EDT) -- Australia will begin to roll back economic sanctions against Myanmar, two Australian ministers said Monday, adding momentum to the process of normalizing international trade relations with the formerly autocratic nation in the wake of its recent democratic reforms.

Foreign Minister Bob Carr and Trade Minister Craig Emerson said easing back on sanctions was a kind of positive reinforcement, encouraging Myanmar's government to continue its reform process. Myanmar — also known as Burma — held its first free elections in decades earlier this month, which, along with...
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