The United States supports the Burmese Government’s ongoing reform efforts, and believes that the participation of U.S. businesses in Burma’s economy can be a model for responsible investment and business operations, encouraging further change, promoting inclusive economic development, and contributing to the welfare of the Burmese people. Increasing U.S. trade and investment in Burma – a key priority for the U.S. Embassy in Rangoon – brings substantial benefits both countries.
The United States remains concerned about the protection of human rights, corruption, and the role of the military in the Burmese economy. A key element of U.S. policy is that we are not authorizing new investment with the Burmese Ministry of Defense, state or non-state armed groups (which includes the military), or entities owned 50 percent or more by any of the foregoing.
U.S. persons are still prohibited from dealing with blocked entities or persons listed Specially Designated Nationals (SDNs) as well as any entities owned 50 percent or more by an SDN. The Treasury Department’s Office of Foreign Assets Control (OFAC) publishes a list of SDNs available here.
Please click here for the latest Country Commercial Guide for Burma.