At the “Sustainable Development of Asia’s Garment and Textile Industry” seminar sponsored by the European Union and the International Labour Organisation (ILO), Aung Tun Thet, economic adviser to President Thein Sein said “Myanmar is projected by Asian Development Bank to be a middle-income country by 2030 as the country’s political and economic arenas undergo reforms to meet new challenges.” The reforms quoted by Thet are aimed at boosting FDI into Myanmar, with garment and textile industries being among the major sectors that the government hopes will attract “responsible” investors to ensure that Myanmar’s economic and industrial development are sustainable throughout the coming decades. Thet further stressed on the need of FDI in Myanmar to abide by the United Nations’ standards on labor protection and other international regulations. A total of 18 labor laws are in the process of being amended to ensure that foreign investors can effectively create new jobs in Myanmar, he added.