Friday, May 11, 2012

Switzerland latest country to end sanctions

Friday, 11 May 2012 13:29 Mizzima News

(Mizzima) – Switzerland has lifted all sanctions against Burma with the exception of an embargo on arms and other goods liable to be used in repression, the State Secretariat for Economic Affairs (SECO) said on Wednesday.

The decision comes into force on Thursday, but will be rescinded if the political situation in Burma deteriorates sharply, the government said.

Last month the European Union responded to what it said were historic changes in Burma by suspending for one year a wide range of trade, economic and individual sanctions while leaving intact an arms embargo.

Canada and Australia have also recently eased punitive measures, and Japan has waived US $3.7 billion in debt . The U.S. has also lifted some sanctions.

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