FOXNews.com: Obama declares 'new chapter' for US, Burma

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Obama declares 'new chapter' for US, Burma May 17th 2012, 19:15 President Barack Obama is declaring a "new chapter" in U.S. relations with Burma, the former pariah state also known as Myanmar. Obama says the U.S. is rewarding democratic progress in Myanmar with the announcement of the first U.S. ambassador in 22 years and an easing of investment restrictions. Obama's comments on those developments came in a statement issued by the White House. Obama says opening up greater economic engagement will help support reformers and speed development. He pointed to the parliamentary election of opposition figure Aung San Suu Kyi as a prominent example of progress. But Obama says the U.S. remains concerned about a closed political system and human rights issues in Burma. The U.S. is retaining sanctions on individuals accused of human rights violations

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