BREAKING NEWS

EU says hopes to lift Myanmar trade sanctions

By REUTERS

JUNE 15, 2012 22:45

BRUSSELS - The European Union said on Friday it would look to reinstate preferential access for imports from Myanmar, following international recognition of progress on labor reforms in the country.

On Wednesday, the International Labour Organization (ILO) lifted punitive restrictions on Myanmar, in place for more than a decade, in response to a new law on trade unions and a pledge to end forced labor by 2015.

"The EU fully recognizes the importance of the ILO report and considers this a positive step forward in the process of the reinstatement of preferential market access for Myanmar/Burmese products to the European market," the EU's foreign policy and trade chiefs said in a joint statement.

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