Bill Would Renew Sanctions On Burma, Promote Textile Trade

Law360, New York (June 21, 2012, 5:06 PM EDT) -- Lawmakers introduced legislation Thursday that would renew economic sanctions against Burma and enact provisions, called for by the Obama administration and business groups, to promote textile trade with Africa and Latin America.

The bill, which has bipartisan support and would renew import bans on Burmese products for the next three years, was introduced just a week after Sen. John McCain, R-Ariz., urged the Obama administration to continue the sanctions, saying the country’s state-run energy company was still too corrupt to justify foreign investment in Burma's energy...
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