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CNN: U.S. banning new investment in
- Subject: CNN: U.S. banning new investment in
- From: Winston_Lee@xxxxxxx
- Date: Wed, 23 Apr 1997 03:30:00
Subject: CNN: U.S. banning new investment in Burma 04/22/97
U.S. banning new investment
Move aimed at human rights abuses
April 22, 1997
Web posted at: 11:58 a.m. EDT (1558 GMT)
WASHINGTON (CNN) -- U.S. President Bill Clinton has
decided to ban new U.S. investment in Burma, White
officials said, invoking a law that seeks to punish
government for human rights abuses.
Senior administration officials say the shift in
policy would be
announced at the State Department Tuesday.
The sanctions come under the terms
the Cohen-Feinstein law signed by
president in 1996. The bill,
by Sen. Dianne Feinstein,
and then-Sen. (now Defense
William Cohen, R-Maine, permits
administration to impose stiff
Burma continues to suppress the
One of Burma's military leaders said on Tuesday his
would not be swayed by the U.S. economic sanctions and
Western allegations of human rights abuses.
"It's not a problem for us,"
Lieutenant-General Khin Nyunt told
international journalists on a
government trip to the Golden
Triangle area in eastern Shan state.
Elsewhere, some diplomats
questioned whether Rangoon might
retaliate against the democracy
Burma has been under intense
pressure for several years over the military regime's
practices since it failed to allow the democratically
government of the opposition National League for
take power after a 1990 vote.
The U.S. law warns the generals who rule Burma not to
harm Aung Sang Suu Kyi, founder of the National League
Democracy. The Nobel Peace Prize laureate was under
arrest for six years.
Suu Kyi has lobbied
Washington, for years
to use economic
measures against the
followed a heated
debate in Washington.
Even though he
sponsored the original bill, Cohen was one of several
the president's Cabinet who opposed imposing sanctions
arguing that they would have little effect on Burma's
But supporters of the sanctions -- which are not
will allow existing contracts to stand -- say
diplomatic pressure is
Secretary of State Madeleine Albright said in a speech
that U.S. patience with the Burmese government had run
The decision is likely to draw fire from some in both
States and abroad, and may cause a rift with some of
Washington's allies in Southeast Asia.
In contrast to the U.S. policy, the
Association of Southeast Asian Nations
(ASEAN) has refused to isolate Burma.
ASEAN members say maintaining
economic and diplomatic engagement is
more effective. Malaysia, in fact, is
expected to push for Burma's full
membership at ASEAN's 30th
anniversary meeting in July.
But the European Union dropped preferential trade
month for Burma's industrial and agricultural exports
the use of forced labor. EU nations have already
cooperation and refused to begin talks on new trade
Roger Beach, president of the oil and gas company
the largest U.S. investor in Burma, said Tuesday the
were counterproductive and did more damage to the
people than to the military regime.
"Sanctions .. hurt people," he told the American
Commerce. "And they cut off American companies from
the world where be should be involved."
Reuters contributed to this report.
Suu Kyi ridicules Burma's rallies - May 29, 1996
Burmese opposition proposals sting government -
Suu Kyi addresses 5,000 in Burma - May 25, 1996
Note: Pages will open in a new browser window
Aung San Suu Kyi Winner of the 1991 Nobel Prize
Peace - by the Nobel Prize Internet Archive
Daw Aung San Suu Kyi - from the Free Burma
Burma (CIA World Fact Book)
The Nobel Foundation
Free Burma Home
CNN Plus: Newsmaker Profiles:
Aung San Suu Kyi - Burmese Opposition Leader
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