US authorities on Monday announced they have eased trade restriction on ports in Myanmar, according to Reuters.
The move is politically motivated by a US desire to encourage democratic movement in the southeast Asian nation formerly known as Burma.
For decades a military dictatorship, Myanmar has been shifting towards a more liberal political culture, highlighted by last month’s elections being won by the opposition party of celebrated opposition activist and Nobel Peace Prize winner Aung San Suu Kyi.
This move by the US will allow movement of shipments at the country’s seaport and airports for six months. Myanmar was subject to a total US trade embargo for years although that has been eased somewhat in recent times.
But some key players in the country’s international trade sector were blacklisted, hampering import and export business.
The US will review the sanctions after six months.