The US plans to deepen engagement with Myanmar’s military-supported government
to secure the country’s rare-earth supplies, according to a State Department
strategic document. The paper says Washington aims to be a "major trading
partner and supplier" and seeks to triple US imports of Myanmar goods and
agricultural products by 2030. It also proposes promoting "fiscal federalism and
territorial demarcation" to create opportunities to access Myanmar’s "abundant
rare earth resources" and to combat fraud hubs. Myanmar is among the world’s
most resource-rich countries and ranks fourth globally in rare-earth supply.