Norway abolishes Burma sanctions / News / The Foreigner

Norway abolishes Burma sanctions. UPDATED: Government officials confirm, Saturday, they have relinquished specifically Norwegian embargos against Burma following recent actions by the country’s military regime. Whilst underlining it will still follow existing EU sanctions, including a diamond and lumber trading ban, Norway’s Ministry of Foreign Affairs has confirmed that they will now encourage companies to start putting money into Burma. “We will abolish strict advice we have given Norwegian private companies not to invest in Burma,” Foreign Minister Jonas Gahr Støre told NRK.

norwayburmasanctionslifted, norwayinvestmentburma



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Norway abolishes Burma sanctions

Published on Saturday, 14th January, 2012 at 14:20 under the news category, by Lyndsey Smith   .
Last Updated on 14th January 2012 at 17:18.

UPDATED: Government officials confirm, Saturday, they have relinquished specifically Norwegian embargos against Burma following recent actions by the country’s military regime.

Myanmar visit 2011
Myanmar visit 2011
Photo: Joon Grane Hetland/Ministry of Foreign Affairs


Whilst underlining it will still follow existing EU sanctions, including a diamond and lumber trading ban, Norway’s Ministry of Foreign Affairs has confirmed that they will now encourage companies to start putting money into Burma.

“We will abolish strict advice we have given Norwegian private companies not to invest in Burma,” Foreign Minister Jonas Gahr Støre told NRK.

Norway’s previous instructions to these firms were not to do business with the military regime, even though there was no veto.

"We now believe it reasonable that Norway signalises Norwegian companies can consider involvement in Myanmar within the EU's framework because of such positive developments in the direction of reform and democracy," he said.

This new investment encouragement comes as a result of the regime’s recent actions, including releasing several monks, journalists, and leaders of the pro-democratic 88 Generation Student Group.

“The release of these prisoners of conscience is important for our confidence in the country's civilian government,” the FM stated in a press release.

A ceasefire agreement was also signed between the Karen National Union (KNU) Guerrillas and the Burmese government this week, contributing towards ending the country’s longest civil war.

FM Støre is scheduled to visit Myanmar shortly.



Published on Saturday, 14th January, 2012 at 14:20 under the news category, by Lyndsey Smith   .
Last updated on 14th January 2012 at 17:18.

This post has the following tags: norwayburmasanctionslifted, norwayinvestmentburma.


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