The objective behind the creation of BIMP-EAGA is to accelerate economic development in the four countries' "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. The initiative is market-driven and operates through a decentralised organisation structure involving the four governments and the private sector. BIMP-EAGA co-operation aims to increase trade, tourism and investments inside and outside the subregion by facilitating the free movement of people, goods and services, making the best use of common infrastructure and natural resources, and taking the fullest advantage of economic complementation. It comprises the entire sultanate of Brunei Darussalam ; the provinces of Kalimantan , Sulawesi , Maluku , West Papua and Papua in Indonesia; the states of Sabah and Sarawak , and the federal territory of Labuan in Malaysia; the island of Mindanao and the province of Palawan in the Philippines. Major agriculture products include coconut, palm oil, livestock and poultry, and high-value tropical fruits and vegetables. EAGA areas are focusing on expanded production, complementation, processing and export, to supply speciality markets such as the halal food trade.
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By the end of , 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. 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. 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.
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 objective is to promote educational, social, sports and cultural exchanges.
The BEV outlines strategic priorities to deliver the competitiveness and sustainability of green manufacturing, climate resilient agro-industry and fisheries, as well as tourism destinations.
Brunei Darussalam-Indonesia-Malaysia-Philippines East ASEAN Growth Area (BIMP-EAGA)
The principal aim of this initiative is to increase economic cooperation among participating economies in the sub-region with the ultimate goal to increase trade investments and tourism within the participating areas through cross border cooperation. By strengthening regional cooperation, the BIMP-EAGA hopes to facilitate freer movement of people, goods and services thus expand its market and resource base; and to share common infrastructure and natural resources. EAGA covers a land area of 1. The Clusters represent the priority areas for cooperation while the Working Groups represent the priority sectors for development within the clusters. Each cluster is led by a participating country. All rights reserved. You may be trying to access this site from a secured browser on the server.