In an expected move, Baird today announced that Canada will suspend most sanctions on Burma. Canada follows other countries like US, UK, Norway who have done the same. Imports, exports and financial transactions are allowed but the embargo on arms still remains. Most companies have done the same and we need to keep the embargo on arms and military technology, until further progress is seen.
Canada should also now open an Embassy in Burma with a dedicated high commissioner for Burma and a trade office. Burma is rich in minerals and natural gas, providing a great opportunity for Canadian mining to do legitimate trade and create good paying jobs for the local Burmese people. More to come on this later….
