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Further easing of US sanctions against Burma

Aleksandar Dukic

Aleksandar Dukic,

Washington, D.C.

03 December 2012
On November 16, 2012, the US government further eased trade restrictions under Burma sanctions. In response to democratic reforms made by Burma’s government, the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) has broadly authorized the importation of Burmese-origin goods into the United States, under General License 18, with some limited exceptions.  Specifically, the General License does not authorize the importation of jadeite or rubies mined or extracted from Burma, or of jewelry containing these minerals, nor any transactions in Burmese-origin goods when blocked persons or entities are involved.  The General License contains an exception to the continued prohibition on dealings in Burmese-origin jadeite and rubies: the reimportation of jadeite, rubies, or jewelry containing them that were previously exported from the United States (including those for personal use that accompanied an individual traveling outside the United States) may be reimported into the United States by the same person who exported them, provided that the articles were not improved in condition or advanced in value by any process or other means while outside the United States. The General License also specifies that the importation of jadeite or rubies coming from any country must satisfy the certification process mandated in 19 C.F.R. Part 12.151.  OFAC has also added several new entities to its list of Specially Designated Nationals and Blocked Persons.
Further easing of US sanctions against Burma
Aleksandar Dukic

Aleksandar Dukic,

Washington, D.C.

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