US Govt. renews sanctions on Myanmar including ban on arms & gems trade; some restrictions loosened
In 1997, the US Government put in place restrictions on trade and investment by US entitites in Myanmar in view of large-scale repression of democratic opposition and threats to US foreign policy prevalent then. While these restrictions have been loosened especially since the introduction of reforms in 2012, a number of them continue to be in force. The latest renewal of sanctions was announced on 17 May 2016.