The Brunei
Darussalam-Indonesia-Malaysia-Philippines East ASEAN Growth Area (BIMP-EAGA)
initiative was launched in 1994 as a cooperation initiative by the four
national governments to close the development gap across and within the EAGA
member countries as well as across the ASEAN-6 member states.
BIMP-EAGA cooperation aims to
increase trade, tourism and investments with and outside the subregion by:
- Facilitating the free movement of people, goods, and
services
- Making the best use of common infrastructure and
natural resources
- Taking the fullest advantage of economic
complementation
The BIMP-EAGA initiative is
market-driven, and operates through a decentralized organization structure involving
the four governments and the private sector.
Its goal is to accelerate economic
development in focus areas which, although geographically distant from their
national capitals, are in strategic proximity to each other, in one of the
world's most resource-rich regions Heart of Borneo (HoB) and Sulu-Sulawesi
Marine Ecoregion (SSME).
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