President Obama’s trip to Myanmar has yielded a deal that aims to improve the nation's labor rights, the third major agreement on his 10-day trip around the Pacific Rim.

Four nations — the United States, Myanmar, Japan and Denmark — along with the International Labour Organization (ILO) late Thursday launched a new plan to promote labor rights in the Southeast Asian nation, the second stop on Obama's trip.

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Myanmar is at a crucial stage of its political and economic development, and the nation must look toward expanding its economy and jobs to compete globally.

The initiative is designed to improve Myanmar’s system of labor administration through a multi-year labor reform plan that would bolster stronger communications among businesses, workers, civil society organizations and the nation’s government.

The plan is expected to build on the nation's existing labor reform efforts, including an ongoing legislative overhaul, which is supported by the ILO.

The labor plan would then serve as a “blueprint to prioritize legal changes, coordinate donor assistance, and strengthen government capacity to implement those reforms in close cooperation with civil society representatives,” the White House said.

Myanmar has established a committee of all stakeholders to help develop the labor reform plan.

The United States is providing the initial funding to the ILO for a labor law expert to advise the government on its reform efforts.

A forum of those involved in the process is expected to take place early next year.

“Governments and stakeholders have a unique opportunity to promote lasting positive development in Myanmar by working together to improve an important component of its investment environment — its labor regime," the White House said.

The plan is aimed at making Myanmar an attractive sourcing and investment destination, protecting Myanmar’s workers and supporting its businesses, and advancing Myanmar’s overall sustainable growth and development."