U.S. suspends trade deal with Myanmar in response to bloody coup


Washington (AP) —The United States suspended its trade deal with Myanmar on Monday after a bloody coup on February 1 until the democratic government returned to Southeast Asia.

The army overthrows the elected government, imprisoning Aung San Suu Kyi and other private leaders, Protesters killed and imprisoned in a country also known as Burma..

“The United States is helping the Burmese people in their efforts to restore a democratically elected government,” US Trade Representative Katherine Tai said in a statement. “The United States has strongly condemned the brutal violence of Burmese security forces against civilians. The killings of peaceful protesters, students, workers, labor leaders, health workers and children are the international community. Shocked my conscience. “

The Thai office said the United States would immediately suspend “all US involvement with Burma under the 2013 Trade and Investment Framework Agreement.” Under the agreement, the two countries cooperated on trade and investment issues to integrate Myanmar into the world economy. Reward for the military’s decision to allow a return to democracy — a transition that suddenly ended in a coup last month.

Thailand’s announcement on Monday does not stop trade between the two countries. However, the United States imposes individual economic sanctions on Myanmar. For example, in response to military takeover, the United States and the United Kingdom previously had two conglomerates managed by the Myanmar Army, Myanmar Economic Holdings Ltd. And imposed sanctions on Myanmar Economic Corp.

White House spokesman Jen Psaki said the United States also broke Burma’s export restrictions and added several Burmese companies to the trade blacklist. “Of course, we will continue to work with allies, partners and like-minded institutions to condemn military action, seek an immediate recovery of democracy, and hold those in power accountable.” She said.

There is not much bidirectional trade between the two countries. Last year Myanmar was the 84th largest partner in the United States in the trade of commodities such as automobiles and machinery. Exports of US goods to Burma amounted to only $ 338 million. The import value is 1 billion dollars.

___

Associated Press writer Josh Boak contributed to this report.

Published
Categorized as world news

By Ana Banuelos

Ana is a blogger who is always fascinated with the technology and the amount of knowledge she can gather from the internet. She is trying to nerdify everyone around her with that same knowledge, through her writings.