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In Barack Obama’s latest Executive Order comes right on the heels of the new measure put in place to deal with communications during a national emergency created by Executive Order also. This EO is claimed to be to help the people of Burma.
The reasons for the EO, dated July 11, are provided by the State Department,
President Obama and Secretary of State Clinton announced in May that the United States would ease certain financial and investment sanctions on Burma in response to the historic reforms that have taken place in that country over the past year. Today, the U.S. Government has implemented these changes to permit the first new U.S. investment in Burma in nearly 15 years, and to broadly authorize the exportation of financial services to Burma. The United States supports the Burmese Government’s ongoing reform efforts, and believes that the participation of U.S. businesses in the Burmese economy will set a model for responsible investment and business operations as well as encourage further change, promote economic development, and contribute to the welfare of the Burmese people.
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