Peter Kucik

US Gems Association Eyes Trade Ties as Sanctions End

October 18, 2016 by thiha

The American Gem Trade Association (AGTA) arrived in Myanmar for the first time this week to assess the gems sector and build trade relationships ahead of an anticipated end to the US sanctions regime, which would allow the legal import of Myanmar rubies and jade. The association’s president, Jeffrey Bilgore, said the mission had been […]

Filed Under: Latest News Tagged With: AGTA, development, economic cooperation, industry, Jeffrey Bilgore, Jewellery Entrepreneurs Association, Jewellry Entrepreneurs Association, MGJEA, Myanmar Gems, OECD, Peter Kucik, The American Gem Trade Association, The Myanmar Times, U Aung Kyaw Win, U Maung Maung Lay, UMFCCI, Union of Myanmar Federation of Chambers of Commerce, US President Barack Obama, US Treasury Office of Foreign Assets Control, Yangon Region Gems

The sanctions game: US mulls rewriting Myanmar blacklist

September 5, 2016 by thiha

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. Rolling back US sanctions on Myanmar will top the agenda Wednesday as President Barack Obama hosts democracy champion Aung San Suu Kyi, with American firms desperate to tap millions of consumers once cut off by the former junta. […]

Filed Under: Latest News Tagged With: Andrew Tan, asia world, aung san suu kyi, Global Witness senior analyst Juman Kubb, Myanmar Imperial Jade, Myanmar Ruby Enterprise, Peter Kucik, sdn list, Steven Law, US sanction

Financial system to struggle despite sanctions relief

May 20, 2016 by Thiha

Amendment to US sanctions against Myanmar aimed at supporting economic growth still leave an array of barriers to trade between the two countries. Effective yesterday, the United States removed three state-owned banks from its blacklist of Specially Designated Nationals (SDNs), and added two military-owned lenders to a general licence that allows financial transactions with those […]

Filed Under: Latest News Tagged With: and Myanma Investment, blacklist of Specially Designated Nationals (SDNs), Commercial Bank, Inle Advisory Group, MFTB’s deputy general manager Daw San San Myint, Myanma Economic Bank, Myanmar Foreign Trade Bank, Myanmar Thilawa SEZ Public, Peter Kucik, US Blacklist, US Sanctions, US Treasury’s Office of Foreign Assets Control (OFAC), Yangon Stock Exchange

US to renew most Myanmar sanctions with changes to aid business

May 16, 2016 by Thiha

WASHINGTON: The United States plans to renew the bulk of its sanctions against Myanmar when they expire next week, but will make some changes aimed at boosting investment and trade, according to several senior U.S. officials and congressional aides. An announcement on extending much of the International Emergency Economic Powers Act, or IEEPA, could come […]

Filed Under: Latest News Tagged With: aung san suu kyi, Barack Obama, Ben Cardin, Buddhist Myanmar, congressional aides, Foreign Relations Asia subcommittee, Frontier Markets, human rights, International Emergency Economic Powers Act, Jack Lew, John Kerry, Kerry, Nobel laureate, Peter Kucik, renew, Republican and Democratic leaders, Rohingya Muslims, Senators Cory Gardner, Southeast Asian, Specially Designated Individuals, U.S. Congress, U.S. officials, U.S. Treasury Department, United States, WASHINGTON

US unlikely to lift sanctions in 2016

March 3, 2016 by thiha

Despite boasting a new democratically elected government that enjoys enormous popular support, Myanmar looks unlikely to shed the US sanctions that have restricted the country for decades, according to experts familiar with the sanctions program. Various individuals and organisations – international and domestic – have called for the US to lift sanctions against Myanmar, following […]

Filed Under: Latest News Tagged With: an OFAC economic sanctions attorney at Price Benowitz, Eric Rose, Erin Murphy, Inle Advisory Group, Kaveh Miremadi, lead director at Herzfeld Rubin Mayer & Rose Law Firm, Myanmar Sanction, Peter Kucik, Scot Marciel, sdn list, US Treasury’s Office of Foreign Assets Control (OFAC)

Sanctions fears choke nascent U.S. trade with Myanmar via Asia World Port

November 10, 2015 by thiha

Western banks are cutting trade finance in Myanmar after learning that part of the country’s main port is controlled by a man blacklisted by Washington, threatening to stop nascent U.S. economic ties with the Southeast Asian nation in their tracks. U.S. shipments to Myanmar have slowed to a crawl in recent months, after several banks […]

Filed Under: Latest News Tagged With: Asia World Port, Bank of America, blacklist, Citigroup Inc, European banks, fear of US penalties, HSBC, Jose W. Fernandez, Moe Myint Kyaw, OFAC, Peter Harrell, Peter Kucik, PNC Financial, sea cargo, sea trade, Steven Law, trade embargo, trade financing, UMFCCI, US banks, US Sanctions, US SDN, US Treasury

Sanctions Make Myanmar Business Difficult, Not Impossible

August 28, 2014 by thiha

Myanmar’s 2011 shift to a civilian government, after decades of military dictatorship, shocked observers and paved the way for dizzying changes in the country’s economy. Companies are now eying opportunities in Myanmar, as a rapid easing in U.S. sanctions is making business in the country feasible for the first time in years. Still, while the […]