Apr 16, 2012

Norway agrees to lift economic sanctions on Myanmar

Norway has agreed to lift economic sanctions against Myanmar while keeping arms embargo in force, Norwegian Foreign Minister Jonas Gahr Stoere said on Sunday.

Stoere responded to a request from Myanmar's Aung San Suu Kyi in a telephone talk on Sunday, said the Norwegian news agency NTB.

Financial assistance for Myanmar will be possible again and visa restrictions will be eased after economic sanctions imposed by Norway are lifted, said Stoere.

However, Norway will continue with military embargo against Myanmar and keep in force the ban on military equipment and weapons export to Myanmar, said the Norwegian foreign minister.

Stoere's latest statement on the issue followed a call by British Prime Minister David Cameron to lift sanctions on Myanmar during his recent visit to that South Asian country.

In January, Norway announced that it would abolish the policy which restricts private Nowegian companies to do business with and invest in Myanmar. But the Nordic country decided to continue to follow EU sanctions against Myanmar.

Source: Xinhua