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Skip Navigation LinksBrunei-Darussalam---Indonesia---Malaysia---The-----Philippines-East-ASEAN-Growth-Area---(BIMP-EAGA)

Trade and Investment​​​​​​​​​​​​​


BRUNEI-INDONESIA-MALAYSIA-PHILIPPINES

EAST ASEAN GROWTH AREA



  • BIMP-EAGA was formally launched on March 1924, 1994, in Davao City, Mindanao, Philippines to address the socio-economic development of less developed, marginalized and far-flung areas; and narrow the development gaps across and within the sub-region.

 

  • In total, BIMP-EAGA region covers a land area of 1.54 million square kilometers, compromising of the entire Sultanate of Brunei Darussalam; the provinces in Kalimantan, Sulawesi, Maluku, and Papua in Eastern Indonesia; the States of Sabah and Sarawak and the Federal Territory of Labuan in Malaysia; and Mindanao and Palawan in the Philippines.



     
  • By the end of 1996, BIMP-EAGA cooperation activities and cross-border investments had quickly developed, whereby among other achievements:
    • The participating government facilitated the liberalization of the transport sector to allow for greater mobility of people, goods and services.
    • Several airport and seaport infrastructure facilities throughout EAGA were upgraded to accommodate the expected increase in passenger and cargo traffic.
    • To facilitate intra-trade, uniform port tariffs in selected ports were established.
    • To support on travel, including procedures and documentary requirements, were streamlined and exit taxes for travel within EAGA were waived.
    • Major telecom firms operating in the EAGA areas implemented substantial tariff reductions on long distance calls within the subregion, enabling greater interaction among businesses.
    • Of the productive sectors in EAGA, tourism initially benefited the most, with significant increases in both domestic and cross-border investments in hotels and other tourism-related facilities and activities.
    • EAGA-wide cultural events, trade fairs, tour exchanges and sports events were held by various public and private tourism organizations.

       
  • On 7 October 2003, the 1st BIMP-EAGA Summit was held in Bali, Indonesia. Several measures were put into action since then, to bolster the revitalization efforts. Institutional structures were strengthened for better coordination and consolidation of cooperation development activities. New development strategies and directions were put on the agenda, namely:
    • Improving transport linkages, both within and outside the sub-region.
    • Consolidating the sub-region's comparative advantages in the agro-industry and tourism sectors
    • Promoting the development of external trade
    • Instituting more attractive trade and investment regimes

       
  • To ensure the effective implementation of the new strategies and directions, the 2nd BIMP-EAGA Summit in December 2005, the BIMP-EAGA Roadmap to Development (2006-2010) was launched. The roadmap establishes the broad economic and sector-specific targets and guides the identification and implementation of priority cooperation projects and activities including "flagship projects" which have been identified to have the positive impact on the sub-region's economic and social development in the short and medium term.

     
  • The Roadmap's immediate goals were to increase trade, investments and tourism within the sub-region with the following targets by 2010; (i) increased intra- and extra-trade among EAGA focus areas by 10% (ii) increased investments in the EAGA sub-region by 10%, and  (iii) increased tourism arrivals in the EAGA sub-region by 20%.

*Download – BIMP-EAGA Roadmap to Development (2006-2010)

 

  • The Mid Term Review (MTR) exercise was conducted in 2008 to assess the progress of the roadmap which observed that project preparation and implementation needed to be strengthened. Based on these assessments, as well as recent directives from the BIMP-EAGA Summit and ministerial meetings, the participating members agreed to streamline the strategic areas of the program into four pillars in order to focus and further consolidated various sectoral initiatives. The four pillars are:
    • Pillar 1: Enhancing connectivity within BIMP-EAGA as well as with other regions outside of BIMP-EAGA
    • Pillar 2: Establishing BIMP-EAGA as the food basket for ASEAN and the rest of Asia
    • Pillar 3: Promoting BIMP-EAGA as a premier regional tourism destination
    • Pillar 4: Ensuring the sustainable management of the environment

       
  • The Implementation Blueprint was designed to enhance the implementation of the strategic thrusts of the BIMP-EAGA Roadmap and it is thus anchored on the four strategic pillars that will guide cooperation over the 5-year period 2012-2016. This was endorsed by the BIMP-EAGA Leaders at the 8th BIMP-EAGA Summit.

*Download – BIMP-EAGA Implementation Blueprint 2012-2016

  • At the 11th BIMP-EAGA Summit on 28 April 2015 in Langkawi, Kedah, Malaysia, the Leaders formalized the establishment of Socio-cultural and Education as an additional strategic pillar of BIMP-EAGA cooperation. The objective is to promote educational, social, sports and cultural exchanges.

  • At the 12th BIMP-EAGA Summit on 29 April 2017 in Manila, Philippines, the Leaders adopted the BIMP-EAGA Vision 2025 (BEV 2025), the successor document to the IB 2012-2016. The BEV 2025 aspires to create a resilient, inclusive, sustainable, and economically competitive BIMP-EAGA (R.I.S.E. BIMP-EAGA) to narrow development gap. The BEV 2025 outlines strategic priorities to deliver the competitiveness and sustainability of green manufacturing, climate resilient agro-industry and fisheries, as well as tourism destinations. 

*Download – BIMP-EAGA Vision 2025 


For more information, you may wish to visit:

http://www.bimp-eaga.org/


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