As of July, the Myanmar Investment Commission (MIC) will no longer be based in Nay Pyi Taw or answer to the Ministry of National Planning and Economic Development. It is scheduled to move to Yangon and be restructured so it eventually operates as an independent organisation similar to the Central Bank of Myanmar…The MIC changes reflect Myanmar’s strategic efforts to attract greater foreign direct investment to spur economic development...To ensure investment benefits the people of Myanmar, and to avoid costly arbitration, Myanmar must put in place a legal framework that clearly demonstrates its commitment to national development in a manner that enhances respect for human rights and protects the environment…The MIC can restrict entry on the basis of environmental and social impact assessments so it is the government’s first line of defence for protecting human rights and the environment from the negative impact of corporate operations…