Overview
The White House announced on September 14, 2016, during the state visit to Washington by Myanmar’s State Counsellor and de facto leader, Aung San Suu Kyi, that the United States will terminate the national emergency with respect to Myanmar and revoke the Executive Orders that impose trade and investment restrictions on Myanmar. A new OFAC FAQ confirms the White House statement. Although all current sanctions remain in place until this policy is implemented, and some of the details about how it will be implemented remain to be determined, we expect that this will lead to the lifting of the major remaining US trade and investment sanctions on Myanmar. Some restrictions related to Myanmar, however, are expected to remain in place. See our advisory for more detail.
