On September 14, 2016, President Obama announced his intention to terminate U.S. sanctions targeting Myanmar, also known as Burma (“Myanmar”), completing the process of relaxing U.S. sanctions against Myanmar that began in July 2012.  In a joint statement issued by the United States and Myanmar, President Barack Obama and State Chancellor Daw Aung Sun Suu Kyi announced the U.S.-Myanmar Partnership, which will ultimately allow for deepened economic ties across a range of sectors between the countries.  As an initial step for implementing the partnership, the President announced that the United States will terminate U.S. sanctions and will revoke the Executive Order-based framework of the Myanmar sanctions program.