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Article

25 May 2012

Author:
Eryn Schornick, Conflict Risk Network [USA]

Suspending Sanctions Likely to Fuel Abuses in Burma

After Secretary of State Hillary Clinton’s announcement that the United States would be suspending the ban on the export of financial services and investment across all sectors of the Burmese economy, major oil and gas companies like Chevron, Total and Exxon Mobil rejoiced...[W]hat will be a boon for big oil and gas will likely be disastrous for those living in ethnic minority regions where these resources are concentrated and which continue to be areas of conflict...Responsible, rights-respecting trade and investment in Burma must include consultation with civil society...None of this will be possible with wholesale lifting of the investment ban by the United States. While it may be too late to reverse Secretary Clinton’s decision, the U.S. Congress has legislation pending to keep other critical sanctions in place. If the United States is serious about seeing through the nascent reforms in Burma to a successful end, these sanctions should stay in place....