President Barack Obama ordered the lifting of the sanctions imposed on Myanmar (Burma) for more than twenty years ago. According to the head of the White house, the country has made great strides in advancing democratic reforms.
The Ministry of Finance reported that the President’s decision led to the abolition of all restrictions imposed by the Department on contacts with Myanmar. Deputy Treasury Adam Szubin said in Myanmar came to power democratically elected government, and the lifting of sanctions would contribute to economic growth and will also encourage the authorities to introduce active measures to combat money laundering.
It should be noted that Barack Obama at the time, announced the shift of emphasis of US foreign policy on East Asia, and in recent years Washington is establishing active relations with the regional States, fearing Chinese expansion.
In the spring of 2016 President of Myanmar was the Tahini Jo, the first non-military head of state in 50 years.