News / Asia

    Clinton, Thein Sein Encourage New US Investment in Burma

    U.S. Secretary of State Hillary Rodham Clinton, left, and Burma President Thein Sein shake hands before a meetingin Siem Reap, Cambodia, July 13, 2012.U.S. Secretary of State Hillary Rodham Clinton, left, and Burma President Thein Sein shake hands before a meetingin Siem Reap, Cambodia, July 13, 2012.
    x
    U.S. Secretary of State Hillary Rodham Clinton, left, and Burma President Thein Sein shake hands before a meetingin Siem Reap, Cambodia, July 13, 2012.
    U.S. Secretary of State Hillary Rodham Clinton, left, and Burma President Thein Sein shake hands before a meetingin Siem Reap, Cambodia, July 13, 2012.
    SIEM REAP, Cambodia — U.S.  Secretary of State Hillary Clinton and Burmese President Thein Sein met in Cambodia to encourage new U.S. investments in Burma. They also discussed ongoing political reforms in Burma and the country's military ties with North Korea.

    Secretary Clinton told the Burmese leader that she is sending a high-power delegation of more than 70 American business leaders to his country now that Washington has eased restrictions on investments and financial services in recognition of ongoing political reforms.

    "This week has been a milestone in the relationship between our two countries," Clinton said.  "Just two days ago, President Obama announced that the United States is easing restrictions, to allow more U.S. companies to do business there. And a few months ago in Washington, I urged American businesses to invest and to do it responsibly."

    Secretary Clinton and President Thein Sein met for more than an hour ahead of a business forum meant to encourage greater U.S. investment in Southeast Asia.

    President Thein Sein welcomed that investment, saying his country is at a crucial juncture. Myanmar, as the military renamed Burma, is putting an end to armed conflict, he says, and is engaging with entrepreneurs, ethnic leaders, and civil society.

    "Today, after nearly half a century, Myanmar has embarked on a democratic path in building a new nation through peaceful transition," said Thein Sein.

    Thein Sein adds thats democratic practices had vanished from the country for many years, so building a democratic state is the biggest challenge for his people.

    "We have also permitted the formation of political parties [and] civil societies in accord with the existing laws," Thein Sein explained.  "We have already enacted necessary laws that would protect the fundamental rights of our citizens such as formation of labor unions and to enjoin freedom of assembly and freedom of speech."


    In their private talks, Secretary Clinton thanked the Burmese leader for the recent release of political prisoners and encouraged him to release them all.

    She urged Burma to end its military relationship with North Korea. President Thein Sein said his country has no nuclear relationship with North Korea and is reviewing its military ties with Pyongyang.

    A senior U.S. official says the secretary and president discussed using Burma's mineral wealth to benefit its people. President Thein Sein said he is focusing on value-added industries. His country exports teak, for example, but not finished teak furniture. Burma exports rubber, but imports tires.

    Secretary Clinton and President Thein Sein were joined at the business forum by Cambodian Prime Minister Hun Sen and Thai Prime Minister Yingluck Shinawatra.

    You May Like

    Video Democrats Clinton, Kaine Offer 'Very Different Vision' Than Trump

    In a jab at Trump, Clinton says her team wants to 'build bridges, not walls'; Obama Hails Kaine's record; Trump calls Kaine a 'job-killer'

    Turkey Wants Pakistan to Close Down institutions, Businesses Linked to Gulen

    Thousands of Pakistani students are enrolled in Gulen's commercial network of around two dozen institutions operating in Pakistan for over two decades

    AU Passport A Work in Progress

    Who will get the passport and what the benefits are still need to be worked out

    This forum has been closed.
    Comment Sorting
    Comments
         
    by: Mohd Khan from: delhi India
    July 17, 2012 7:13 AM
    Mrs hillary clinton, you don't know burma's muslims

    by: Tanganika Chalfant from: Orlando FL
    July 14, 2012 4:15 PM
    Secretary Clinton is doing a fantastic job in a high pressure position. My husband says that she is his hero as my husband is a Wounded Warrior awaiting Brain Surgery. He encourages her to continue the battles for the lives of the innocent. We thank you so much for being one of the best Secretary of States that America has ever known.

    by: Khmerpeople from: Cambodia
    July 14, 2012 12:37 AM
    Uncle Sam, please don't only enjoy Business but must check the plight of Rohingya people and check the Dictator, one-eye, Hunsen too. Please help to raise the ordeal of oppressed Cambodian people, please help to bring back Khmer Hero, Sam Rangsy as soon as possible. Be careful one-eye man, Hunsen will stampede your feet because he cannot see the east side. Thanks American for your contributions to world peace.

    Featured Videos

    Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
    In State of Emergency, Turkey’s Erdogan Focuses on Spiritual Movementi
    X
    July 22, 2016 11:49 AM
    The state of emergency that Turkish President Recep Tayyip Erdogan has declared is giving him even more power to expand a purge that has seen an estimated 60,000 people either arrested or suspended from their jobs. VOA Europe correspondent Luis Ramirez reports from Istanbul.
    Video

    Video In State of Emergency, Turkey’s Erdogan Focuses on Spiritual Movement

    The state of emergency that Turkish President Recep Tayyip Erdogan has declared is giving him even more power to expand a purge that has seen an estimated 60,000 people either arrested or suspended from their jobs. VOA Europe correspondent Luis Ramirez reports from Istanbul.
    Video

    Video Scientists in Poland Race to Save Honeybees

    Honeybees are in danger worldwide. Causes of what's known as colony collapse disorder range from pesticides and loss of habitat to infections. But scientists in Poland say they are on track to finding a cure for one of the diseases. VOA’s George Putic reports.
    Video

    Video Wall Already Runs Along Parts of US-Mexico Border

    The Republican Party’s presidential nominee, Donald Trump, gained the support of many voters by saying he would build a wall to keep undocumented immigrants and drugs from coming across the border from Mexico. Critics have called his idea impractical and offensive to Mexico, while supporters say such a bold approach is needed to control the border. VOA’s Greg Flakus has more from the border town of Nogales, Arizona.
    Video

    Video New HIV Tests Emphasize Rapid Results

    As the global fight against AIDS intensifies, activists have placed increasing importance on getting people to know their HIV status. Some companies are developing new HIV testing methods designed to be quick, easy and accurate. Thuso Khumalo looks at the latest methods, presented at the International AIDS conference in Durban, South Africa.
    Video

    Video African Youth with HIV Urge More Support

    HIV, the virus that causes AIDS, is the top killer of teens in sub-Saharan Africa. But many youths say their experience with the virus is unique and needs to be addressed differently than the adult epidemic. VOA South African Correspondent Anita Powell reports.
    Video

    Video Poor Residents in Cleveland Not Feeling High Hopes of Republican Convention

    With the Republican Party's National Convention underway in Cleveland, Ohio, delegates and visitors are gathered in the host city's downtown - waiting to hear from the party's presidential candidate, Donald Trump. But a few kilometers from the convention's venue, Cleveland's poorest residents are not convinced Trump or his policies will make a difference in their lives. VOA's Ramon Taylor spoke with some of these residents as well as some of the Republican delegates and filed this report.
    Video

    Video Pop-Up Art Comes to Your Living Room, Backyard and Elsewhere

    Around the world, independent artists and musicians wrestle with a common problem: where to exhibit or perform? Traditional spaces such as museums and galleries are reserved for bigger names, and renting a space is not feasible for many. Enter ArtsUp, which connects artists with venue owners. Whether it’s a living room, restaurant, office or even a boat, pop-up events are bringing music and art to unexpected places. Tina Trinh has more.
    Video

    Video With Yosemite as Backdrop, Obama Praises National Parks

    Last month, President Barack Obama and his family visited some of the most beautiful national parks in the U.S. Using the majestic backdrop of a towering waterfall in California's Yosemite National Park, Obama praised the national park system which celebrates its 100th anniversary this year. He talked about the importance of America’s “national treasures” and the need to protect them from climate change and other threats. VOA’s Julie Taboh reports.
    Video

    Video Counter-Islamic State Coalition Plots Next Steps

    As momentum shifts against Islamic State in Iraq, discussions are taking place about the next steps for driving the terrorist group from its final strongholds. Secretary of State John Kerry is hosting a counter-IS meeting at the State Department, a day after defense ministers from more than 30 countries reviewed and agreed upon a course of action. VOA Pentagon correspondent Carla Babb reports.
    Video

    Video Russia's Participation at Brazil Olympic Games Still In Question

    The International Olympic Committee has delayed a decision on whether to ban all Russian teams from competing in next month's Olympic Games in Brazil over allegations of an elaborate doping scheme. The World Anti-Doping Agency recently released an independent report alleging widespread doping by Russian athletes at the 2014 Winter Olympics in Sochi. So far, only Russian track and field athletes have been barred from the Summer Games in Brazil. VOA's Zlatica Hoke has more.
    Video

    Video Scotland’s Booming Whisky Industry Fears Brexit Hangover

    After Britain’s vote to leave the European Union, Scotland’s government wants to break away from the United Kingdom – fearing the nation’s exports are at risk. Among the biggest of these is whisky. Henry Ridgwell reports on a time of turmoil for those involved in the ancient art of distilling Scotland’s most famous product.
    Video

    Video Millennials Could Determine Who Wins Race to White House

    With only four months to go until Americans elect a new president, one group of voters is getting a lot more attention these days: those ages 18 to 35, a generation known as millennials. It’s a demographic that some analysts say could have the power to decide the 2016 election. But a lot depends on whether they actually turn out to vote. VOA’s Alexa Lamanna reports.

    Special Report

    Adrift The Invisible African Diaspora