the European Union

EU officials said on the 19th, within the European Union has agreed in principle to agree to suspend economic sanctions against Burma.




Of anonymity, EU officials told the Associated Press reporter, the decision announced on the EU foreign ministers' meeting will be held in Luxembourg on 23. The suspension of sanctions involving more than 800 Myanmar enterprises and nearly 500 individuals, including some development assistance projects.




EU officials said the sanctions suspension for one year, but the EU may decide to implement the six months to reconsider whether to continue. At the same time, not to suspend the scope of the arms embargo against Burma.




AFP comments, and to suspend economic sanctions on Burma, will give European companies a space for cooperation. An unnamed EU diplomat said the EU is considering a development agreement as well as preferential trade agreements in consultation with Myanmar.




Since the implementation of political reform and national reconciliation of Myanmar President the Wu Dengsheng taking office last year, the United States, Japan and other countries have been working to relax sanctions against Myanmar. Japanese "Asahi Shimbun" reported on 19 Noda, Japanese Prime Minister is expected to be announced on the 21st meeting between Wu Dengsheng exempt Myanmar $ 3.7 billion in debt and restore the interrupt 20 years of low-interest yen loan projects.

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