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EU nations are set to suspend sanctions against Myanmar for a year, opening the way to a potential trade and investment bonanza with over 800 firms. European Union diplomats said today a formal announcement is expected at a meeting of EU foriegn ministers on Monday last in Luxembourg. 

Suu Kyi's endorsement of the suspension is as crucial as 12-month suspension period will give time to assess the sustainability of reform. The ministers are expected to also agree to include the possibility of reviewing the decision in six months.EU 

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