US renews ban on gems from Myanmar

gemsThe US on September 4 renewed a ban on the import of gems from Myanmar despite otherwise normalised relations with the formerly military-ruled country.

US President Barack Obama “is taking this step to advance our policy of promoting responsible economic engagement and encouraging reform that directly benefits the Burmese people,” the White House said in a statement, using Myanmar’s former name.

This prolongs the decade-old ban on imports of gems, which often come from Kachin state and other conflict-torn areas.

Human rights advocates say that the lucrative trade has helped fuel the violence, with ethnic minorities seeing little of the profit from gems in their regions despite working under harsh conditions.

A US official said that despite changes in Myanmar, little was known about the gem trade but the military appeared to be in charge.

“There is virtually zero transparency on where that money is going,” the official said on condition of anonymity.

Myanmar produces some 90 per cent of the world’s rubies and much of the trade is controlled by the military, which ruled the country from 1962 to 2011.

Despite the ban, it is estimated that $100 million worth of Myanmar’s precious stones were coming into the US annually.

The renewed US ban will also not deprive Myanmar of other customers. The European Union in April ended all sanctions on Myanmar except weapons sales. Neighbours China and Thailand also are major buyers of Myanmar’s gems.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

The US on September 4 renewed a ban on the import of gems from Myanmar despite otherwise normalised relations with the formerly military-ruled country. US President Barack Obama “is taking this step to advance our policy of promoting responsible economic engagement and encouraging reform that directly benefits the Burmese people,” the White House said in a statement, using Myanmar's former name. This prolongs the decade-old ban on imports of gems, which often come from Kachin state and other conflict-torn areas. Human rights advocates say that the lucrative trade has helped fuel the violence, with ethnic minorities seeing little of the...

gemsThe US on September 4 renewed a ban on the import of gems from Myanmar despite otherwise normalised relations with the formerly military-ruled country.

US President Barack Obama “is taking this step to advance our policy of promoting responsible economic engagement and encouraging reform that directly benefits the Burmese people,” the White House said in a statement, using Myanmar’s former name.

This prolongs the decade-old ban on imports of gems, which often come from Kachin state and other conflict-torn areas.

Human rights advocates say that the lucrative trade has helped fuel the violence, with ethnic minorities seeing little of the profit from gems in their regions despite working under harsh conditions.

A US official said that despite changes in Myanmar, little was known about the gem trade but the military appeared to be in charge.

“There is virtually zero transparency on where that money is going,” the official said on condition of anonymity.

Myanmar produces some 90 per cent of the world’s rubies and much of the trade is controlled by the military, which ruled the country from 1962 to 2011.

Despite the ban, it is estimated that $100 million worth of Myanmar’s precious stones were coming into the US annually.

The renewed US ban will also not deprive Myanmar of other customers. The European Union in April ended all sanctions on Myanmar except weapons sales. Neighbours China and Thailand also are major buyers of Myanmar’s gems.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

NO COMMENTS

Leave a Reply