The Myanmar Garment Manufacturers Association (MGMA) expects the garment industry to gain US$ 1.5 billion in foreign investment by 2015 if political reforms continue. Due to EU’s Generalised System of Preferences (GSP) system, a large number of foreign investor countries such as Korea, Hong Kong, China as well as Japan and ASEAN countries are all investing in Myanmar’s garment industry. A group of 12 Hong Kong clothing manufacturers are poised to become the first foreign companies to invest in Myanmar’s flagship special economic zone, Thailawa SEZ, which they expect will slash production costs by at least half and as part of a push to reduce their reliance on factories in China.