Sign up | Log in



PR Today

Home >> Press Release

US-ASEAN Business Council Applauds U.S. Readiness to Lift Sanctions

(Washington, DC) – The US-ASEAN Business Council strongly supports and welcomes President Obama’s announcement today of his intention to lift remaining sanctions on Myanmar following his meeting with State Counsellor Daw Aung San Suu Kyi. This action recognizes the remarkable progress that Myanmar has made in reforming its political, economic, and legal system, and will ease the ability for American business to trade with and invest in Myanmar and over time should lead to a substantial increase in US-Myanmar bilateral economic engagement.
“U.S. companies have been interested in Myanmar since sanctions were eased in 2012, but have been constrained in engaging in Myanmar by the challenges of  conducting due diligence and compliance with regulations around Specially-Designated Nationals (SDN) list,” said Alexander Feldman, President & CEO of the US-ASEAN Business Council. “This action would remove the single biggest obstacle to U.S. companies engaging in Myanmar and allow U.S. companies to compete on a level playing field with competitors from Europe, Asia, and elsewhere. This action would especially benefit American Small and Medium sized Enterprises (SMEs), for whom the SDN List presented significant compliance and cost hurdles.  We now hope that SMEs can more fully participate in Myanmar, and that Myanmar will be better able to link up with the global supply chain.

"We also strongly applaud the President's action to make Myanmar eligible for the Generalized System of Preferences (GSP) program. This decision will remove duties on more than 5,000 product lines when Myanmar officially becomes a GSP beneficiary November 13, and will help create jobs and growth in Myanmar.
“We believe that increased U.S. private sector participation in the Myanmar economy will substantially benefit the people of Myanmar, especially around the Corporate Social Responsibility (CSR) programs that are a part of American business culture.  These CSR programs give back to the people and communities where U.S. companies operate in areas such as community development, healthcare and education and have long-term impacts,“ Feldman continued.
The US-ASEAN Business Council has been at the forefront of revitalizing the U.S.-Myanmar business relationship, and was proud to bring the first major business delegation to Myanmar two days after the initial suspension of U.S. sanctions in 2012.  Following this announcement, we are confident that Myanmar’s development efforts will be only further enhanced by the opportunity to attract quality American investment, which brings with it platforms for innovation, respect for labor rights and the environment, and world-class Corporate Social Responsibility (CSR). We welcome the opportunity to support Myanmar’s continued democratic transition through responsible investment and job creation.


For over 30 years, the US-ASEAN Business Council has been the premier advocacy organization for US corporations operating within the dynamic Association of Southeast Asian Nations (ASEAN). Worldwide, the Council's 150+ membership generates over $6 trillion in revenue and employ more than 13 million people. Members include the largest US companies conducting business in ASEAN, and range from newcomers to the region to companies that have been working in Southeast Asia for over 100 years. The Council has offices in: Washington, DC; New York, NY; Bangkok, Thailand; Hanoi, Vietnam; Jakarta, Indonesia; Kuala Lumpur, Malaysia; Manila, Philippines; and Singapore.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                          September 16, 2016 Subsribe Now !
• Beer deal could give Budweiser a boost Subcribe: Asean Affairs Global Magazine
• Maybank finds it hard to trim lending rates as risk still high
• VN expects $2.5b gain in fruit, veggie exports
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Thai bank’s buyout of local MFI finalised
• NagaWorld reaches $15M tax settlement with gov’t
Asean Analysis                  September 2, 2016
• Asean Analysis  September 2, 2016
Cementing a New Normal in U.S.-Myanmar Relations
Advertise Your Brand

Asean Stock Watch   September  15 , 2016

• Asean Stock Watch-September 15, 2016
The Biweekly Update
• The Biweekly Update  September 2, 2016

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2019 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand