US opens up investment in Burma

The United States on Wednesday gave the green light to companies to invest in
Burma including in oil and gas, in its broadest and most controversial easing
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The United States on Wednesday gave the green light to companies to
invest in Burma including in oil and gas, in its broadest and most
controversial easing yet of sanctions on the former pariah.
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US companies have been pressing the Obama administration to end
restrictions on investment, fearing they will lose out to European and
Asian competitors that already enjoy access to the potentially
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All US companies that invest more than $500,000 in Burma will be
required to file reports to the State Department each year that show
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and that the United States should have insisted on reforms in
governance and human rights before opening up investment.

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Obama voiced concern about the role of the military and said that the
United States would continue to ban investment in companies owned by
the defence ministry or armed groups.
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Burma's parliament is considering a new investment law and a series of
other measures aimed at liberalising the economy, which was left in