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The Financial Express

US suspends all trade engagement with Myanmar

| Updated: March 31, 2021 11:01:29


Katherine C. Tai addressing the Senate Finance committee hearings to examine her nomination to be United States Trade Representative, with the rank of ambassador, in Washington, DC in February 25 this year -Reuters file photo Katherine C. Tai addressing the Senate Finance committee hearings to examine her nomination to be United States Trade Representative, with the rank of ambassador, in Washington, DC in February 25 this year -Reuters file photo

The United States is suspending all engagement with Myanmar under a 2013 trade and investment agreement until the return of a democratically elected government, US Trade Representative Katherine Tai said on Monday.

Saturday was the bloodiest day of protests in Myanmar since the February 1 military coup with 114 people killed. Five more were killed on Monday here when thousands took to the streets again in opposition to the military returning to power after a decade, reports Reuters.

Tai said in a statement that Myanmar security forces’ killing of peaceful protesters, students, workers and labour leaders and children “has shocked the conscience of the international community.”

“These actions are a direct assault on the country’s transition to democracy and the efforts of the Burmese people to achieve a peaceful and prosperous future,” said Tai, who was sworn into office on March 18.

In addition to suspending work on 2013 framework agreement, Tai said USTR would consider Myanmar’s situation as it works with the US Congress on reauthorising the Generalized System of Preferences programme, which reduces US tariffs and provides other special trade access for some developing countries.

Participation requires countries to maintain certain worker rights protections, and Tai said reports that Myanmar’s military leaders have targeted trade unions and workers for their role in pro-democracy protests raise serious concerns.

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