Commercial Restriction / Export
What is a commercial restriction?
A commercial restriction or export restriction is a measure taken by a government to limit or regulate the export of goods or services from its country. These measures can take various forms, such as export quotas, export duties, export licenses, or export bans.
Commercial restrictions are often put in place to protect the economic interests of a country, for example, by regulating the supply of essential products or protecting local industries from foreign competition. They can also be used as a tool of foreign policy, for example, to exert economic pressure on a country with which the government has political disputes.
However, commercial restrictions can have negative effects on international trade and the economies of the countries involved. They can reduce the supply of essential products, increase prices for consumers, limit access to foreign markets for local businesses, and result in commercial retaliation from other countries.
Therefore, commercial restrictions are often regulated by international agreements, such as the World Trade Organization (WTO), which aims to promote free and fair international trade by limiting the use of commercial restrictions and encouraging trade liberalization.
What is the situation in Myanmar?
Currently, Myanmar is subject to several commercial restrictions from different countries due to the political and humanitarian situation in the country.
The European Union and the United States have imposed economic sanctions against Myanmar, which include commercial and financial restrictions. These sanctions prohibit or limit the export of certain products, such as weapons, and also prohibit access to the international financial system for certain Burmese companies.
In addition to international sanctions, there are also commercial restrictions imposed by some neighboring countries of Myanmar due to the humanitarian crisis and human rights violations in the country. For example, Thailand has imposed restrictions on trade with Myanmar, including imposing stricter controls on imported products from Myanmar.
These commercial restrictions have a negative impact on the Burmese economy, which heavily relies on exports and access to foreign markets for economic development. However, the political and humanitarian situation in the country must be resolved before these restrictions can be lifted.
What are the countries under embargo?
There are several countries under embargo, which are subject to economic and commercial sanctions from other countries or organizations. The reasons for imposing an embargo may vary, but they are generally related to concerns about national security, human rights, terrorism, nuclear proliferation, or other political concerns.
Here are some examples of countries that are under embargo or have been subjected to economic and commercial sanctions:
- Cuba: The United States has imposed an economic embargo against Cuba since 1962, which limits commercial and economic relations between the two countries;
- Iran: The United States has imposed economic and commercial sanctions against Iran since 1979, in response to the hostage-taking of the US embassy in Tehran. Since then, the sanctions have been strengthened in response to concerns about Iran’s nuclear program;
- North Korea: The United Nations and several countries, including the United States, the European Union, Japan, and South Korea, have imposed economic and commercial sanctions on North Korea due to its nuclear program and ballistic missile tests;
- Syria: The European Union, the United States, and other countries have imposed economic and commercial sanctions on Syria due to the ongoing civil war in the country and human rights violations;
- Russia: The European Union and the United States have imposed economic and commercial sanctions on Russia.