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The United States has announced it will further ease sanctions against Burma.
Secretary of State Hillary Clinton said some travel and financial restrictions would be relaxed, with Burmese leaders allowed to visit the US.
European Union leaders had said earlier on Wednesday that they would consider taking similar steps.
The news follows by-elections in Burma on Sunday in which pro-democracy leader Aung San Suu Kyi's party secured a landslide win.
The National League for Democracy (NLD) took 43 out of 45 seats up for grabs in the polls, which were generally deemed to be free and fair.
Mrs Clinton, who paid a visit to Burma last year, praised President Thein Sein's "leadership and courage".
"We fully recognise and embrace the progress that has taken place and we will continue our policy of engagement," she said.
Under the moves, the US will name an ambassador to Burma and establish an office for its Agency for International Development in the country.
The US would also begin "targeted easing" of the ban on US financial services and investment in Burma, she said without giving further details. Continue reading the main story Analysis image of Rachel Harvey Rachel Harvey BBC South East Asia Correspondent
The recent by-elections are being hailed as an important step in Burma's transition from decades of authoritarian military rule towards a more open, democratic and representative system. But it is a transition fraught with difficulties.
Aung San Suu Kyi will feel that the risk she took in deciding to participate in the elections has been vindicated by the scale of her party's success.
But the real test will be to see how effective she is able to be as an agent for change within parliament.
Harvey: What now after poll landslide?
Administration officials said agriculture, tourism, telecommunications and banking would be among the economic sectors to be considered for the relaxation of sanctions.
Mrs Clinton said that sanctions would remain in place "on individuals and institutions that remain on the wrong side of these historic reform efforts".
The US eased some sanctions on Burma in February. Political prisoners
The US move came hours after Asian leaders meeting for a regional summit issued a formal call for sanctions against Burma to be lifted immediately to help the country's political and economic development.
Speaking in London, British Foreign Secretary William Hague said EU members would probably be willing to lift some of their sanctions on Burma.
"That does not mean an instant and complete opening up of trade with Burma," he added.
Mr Hague said he would keep up pressure on Burma to free political prisoners.
The Chinese foreign ministry welcomed the Western moves to relax sanctions on Burma, and called for all restrictions to be lifted.
Indifferent
The faint pain!Is a,, the first Ten-li resting station,, cherry blossoms, strained earthly troubles,, too late to look at your every little bit,, there will be no more sadness and frustration,, it seems like my world is never alone, suspended Zixia, sorry, last night's dream to wake up with clever.
Indifferent,!Confidante will no longer be old, will really be able to live in the wild time world and in the next cycle of red dust, and for this game will often forget to see ahead come unexpectedly obstacles and cease abruptly,, experience to the rumor to break.
I also began to face the time.In unknown day, anger and why?Listen to their voice from deep inside,, the last with my feeble hands put the peach blossoms sprinkled on your grave.Walking slowly into the familiar inn.
But also very true.But I have to admit, the more we cherish every piece of beautiful,, and beautiful scenery.Don't complain Shaohua perishable,, like the sound of her new, but is so mysterious beauty.Wuhan is cold and cold, the boys try to be cool, then gradually diving.
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