The Brunei Darussalam-Indonesia-Malaysia-Philippines East ASEAN Growth Area (BIMP-EAGA) initiative was launched in 1994 as a cooperation initiative by the four BIMP-EAGA nations to accelerate economic development in areas that are geographically distant from their national capitals, yet in strategic proximity to each other, in one of the world's most resource-rich regions that includes the Heart of Borneo and Sulu-Sulawesi Marine Ecoregion.
BIMP-EAGA covers the entire sultanate of Brunei Darussalam; the provinces of Kalimantan, Sulawesi, Maluku and West Papua of Indonesia; the states of Sabah and Sarawak and the federal territory of Labuan in Malaysia; and Mindanao and the province of Palawan in the Philippines. The subregion covers a land area of 1.6 million square kilometers with an estimated population of 70 million.
BIMP-EAGA cooperation aims to increase trade, tourism, and investments 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.
To achieve its development goals, the BIMP-EAGA cooperation is anchored on six strategic pillars:
- Food Basket
- Trade and Investment Facilitation
- Socio-cultural and Education