General license, exports to or from Burma (Myanmar) | KPMG | GLOBAL

General license, exports to or from Burma (Myanmar)

General license, exports to or from Burma (Myanmar)

The Treasury Department’s Office of Foreign Assets Control (OFAC) today issued a six-month general license to authorize certain trade-related transactions otherwise prohibited by the Burmese sanctions regulations.


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The general license allows individuals, companies, and financial institutions to conduct most transactions otherwise prohibited by the sanctions that are ordinarily incident to the export of goods, technology, or non-financial services to or from Burma—including participating in trade finance transactions and paying port fees as well as shipping and handling charges associated with sending goods to or from Burma.  

As explained by the Treasury release, the general license is intended to support U.S. and Burmese exporters and to facilitate trade with Burma.  


For more information, contact a professional with KPMG’s Trade & Customs practice:

Douglas Zuvich | +1 (312) 665-1022 |

Andrew Siciliano | +1 (631) 425-6057 |

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