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; and
- Taking the fullest advantage of economic complementation.
The BIMP-EAGA initiative is envisioned to be private sector-led and market-driven. 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 that includes the Heart of Borneo (HoB) and Sulu-Sulawesi Marine Ecoregion (SSME).