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World

U.S. set to keep Myanmar sanctions in place

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World

U.S. set to keep Myanmar sanctions in place

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COMING UP:U.S. set to keep Myanmar sanctions in place

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Transcript

00:00:00
>> U.S. sanctions on Miami may be on the brink of expiring, but don't expect that to be the last you'll see of them. Official sources telling writers that president Obama plans to renew most of the trade restrictions against Yangon on Tuesday. Cautiously waiting to see how issues like human rights can improve under the National League for Democracy Party led by Aung San Suu Kyi.
00:00:23
And while opening to Myanmar is seen as one of Obama's big foreign policy wins he wants to hang on to some leverage in case the county back slides away from democracy. It won't be all tough love from the US though. Washington's expected to take certain names off a US treasury black list in a move designed to spur trade and investment.
00:00:42
Some American businesses have lobbied for all sanctions on Myanmar to be scrapped entirely. They say companies from other countries are freely moving in and doing business with one of the world's last remaining frontier markets while US firms linger on the back foot. Washington officials tell Reuters that Suu Kyi actually supports extending some US sanctions to keep pressure on the military.
00:01:02
A subject she'll no doubt be discussing with US Secretary of State John Kerry this weekend on his first visit to Myanmar since her party took charge.