Country Risk Summary: MYANMAR

October 2003
Asia Monitor: South East Asia Monitor Volume 1;Oct2003, Vol. 14 Issue 10, p8
Country Report
Country Report
The article focuses on political, economic and business environment risks of Burma. Burma's newly appointed prime minister, General Khin Nyunt, has promised to hold free-and-fair elections as part of a 'road map' to democracy. On August 30, 2003 Khin Nyunt promised to recall the National Convention to draft a new constitution leading to the first elections in more than a decade. Foreign governments have imposed crippling sanctions on Burma since the detention of Aung Sung Suu Kyi on May 30. The European Union has also introduced sanctions, while Japan, Burma's largest foreign donor, has frozen new economic aid. Burma is out of bounds to all but the most hard-nosed investors. U.S. energy giant Unocal Corp. is fighting four lawsuits over alleged forced labor, rape, torture and other human-rights abuse linked to the construction of the Yadana gas pipeline.


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