US suspends all trade engagement with Myanmar until elected government returns

Katherine Tai said in a statement that Myanmar security forces' killing of peaceful protesters, students, workers and labor leaders and children 'has shocked the conscience of the international community'

Reuters
Published29 Mar 2021, 08:42 PM IST
File Photo: US Trade Representative Katherine Tai
File Photo: US Trade Representative Katherine Tai(AFP)

The United States is immediately 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 Feb. 1 military coup with 114 people killed. Five more were killed on Monday when thousands took to the streets again in opposition to the military returning to power after a decade.

Tai said in a statement that Myanmar security forces' killing of peaceful protesters, students, workers and labor 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 U.S. Congress on reauthorizing the Generalized System of Preferences program, which reduces U.S. 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.

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.MoreLess
First Published:29 Mar 2021, 08:42 PM IST
HomeNewsWorldUS suspends all trade engagement with Myanmar until elected government returns

Get Instant Loan up to ₹10 Lakh!

  • Employment Type

    Most Active Stocks

    Tata Steel

    157.75
    03:43 PM | 19 JUL 2024
    -8.6 (-5.17%)

    Tata Power

    414.15
    03:59 PM | 19 JUL 2024
    -15.85 (-3.69%)

    Bharat Electronics

    306.30
    03:45 PM | 19 JUL 2024
    -7.2 (-2.3%)

    Zee Entertainment Enterprises

    137.55
    03:57 PM | 19 JUL 2024
    -4.9 (-3.44%)
    More Active Stocks

    Market Snapshot

    • Top Gainers
    • Top Losers
    • 52 Week High

    Tata Teleservices Maharashtra

    102.11
    03:59 PM | 19 JUL 2024
    4.68 (4.8%)

    Rail Vikas Nigam

    614.00
    03:59 PM | 19 JUL 2024
    27.65 (4.72%)

    Jubilant Pharmova

    752.25
    03:43 PM | 19 JUL 2024
    25.3 (3.48%)

    One 97 Communications

    458.70
    03:55 PM | 19 JUL 2024
    13.65 (3.07%)
    More from Top Gainers

    Recommended For You

      More Recommendations

      Gold Prices

      • 24K
      • 22K
      Bangalore
      75,217.00292.00
      Chennai
      75,657.001,099.00
      Delhi
      74,485.00-659.00
      Kolkata
      74,485.00-73.00

      Fuel Price

      • Petrol
      • Diesel
      Bangalore
      102.86/L0.00
      Chennai
      100.75/L0.00
      Kolkata
      104.95/L0.00
      New Delhi
      94.72/L0.00
      OPEN IN APP
      HomeMarketsPremiumInstant LoanBudget