FILE - In this Nov. 14, 2014 file photo, Aung San Suu Kyi, walks with President Barack Obama for their joint news conference at her home in Yangon, Myanmar. (AP Photo/Pablo Martinez Monsivais, File)
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The U.S. business lobby says it is high time to drop the remaining U.S. sanctions on Myanmar, but human rights activists and U.S. lawmakers say not so fast.So next week, Obama is expected to renew sanctions for another year. The administration could take some state-run companies off a U.S. Treasury blacklist.said John Goyer, senior director for Southeast Asia for the U.S. Chamber of Commerce, which is pushing lifting of Myanmar-specific sanctions that it says create uncertainty for investors. He said that where necessary, the U.S. could blacklist companies and individuals under different sanctions programs.Although several major U.S. firms like Coca-Cola, General Electric, Chevron and Caterpillar are now operating in Myanmar, U.S. investment of $248 million represents less than 1 percent of total foreign investment there, a much lower proportion than in other Southeast Asian countries, Goyer said.
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