US Myanmar Trade Is Suspended Until Democracy Is Restored In Myanmar

US Myanmar Trade
US Myanmar Trade

The administration of Joe Biden, the President of the United States of America, took a major step in the foreign policy of the country against Myanmar. All the diplomatic engagement with regard to the US Myanmar trade has been suspended as of now. 

This comes as an action against the act of violence that has been carried on by the military of Myanmar against the protestors of pro-democracy. The decision was taken on the 29th of March. The past weekend was one of the most deadly days after the military seized authority through a coup. It took place on the 1st of February 2021.

US Myanmar Trade Suspense Is A Responsive Step

Katherine Tai, the representative of the United States Trade, gave a statement with regard to the US Myanmar trade. It was stated that the decision of trade suspension between the two countries will be discontinued on one condition. That is till the day the government, elected democratically in the country, takes over again. 

The history of the US Myanmar trade is based on the TIFA or the Trade and Investment Agreement. This was signed in the year 2013. As per the agreement, Myanmar is to be supported by the US through investment and trade. The main motive behind his act was to support the integration of the country with regard to the global economy. 

On Saturday, over 100 protestors who took to the roads to demonstrate their condemnation of the military coup were killed. All of the protestors were civilians. Even children were not spared by the military. This led the other international countries to defy the act. President Biden termed the incident to be “absolutely outrageous.” Following that, he was asked about the steps America will take against it. The US Myanmar trade suspension came as a reply.