BIMP-EAGA: 25 Years of Inclusive, People-Centric Growth in Southeast Asia

Video | 18 November 2019

The Brunei, Indonesia, Malaysia, Philippines East ASEAN Growth Area was established in 1994 to revitalize centuries-old trade links among these countries’ remote, less-developed areas. BIMP-EAGA has had major achievements over the past 25 years, ranging from a proliferation of roads, ports, and other infrastructure that led to greater land, sea and air connectivity between countries, an improvement in trade and tourism, an expansion in agribusiness and countries’ stronger commitment to environmental preservation. Moving forward to the future, BIMP-EAGA aims to be a resilient, inclusive, sustainable and economically competitive subregion and a building block for ASEAN integration.

 

Transcript

In 1994, four nations forged a shared vision to revive centuries-old traditional trade links

National boundaries had imposed barriers on these historical routes, and countries sought to revitalize their trade connections.  

Their vision gave rise to the Brunei Darussalam-Indonesia-Malaysia-Philippines-East ASEAN Growth Area, BIMP-EAGA, now celebrating its 25th year.

BIMP-EAGA was formed to promote inclusive, people-centric growth in countries’ less developed, remote areas. 

With some BIMP-EAGA provinces actually closer to each other than to their respective capital cities, 

countries sought to bring these areas closer together and to narrow the development gaps within each country, across the subregion, and among the ASEAN states.

BIMP-EAGA’s achievements over the past 25 years have been impressive.

A proliferation of roads, ports, and other infrastructure has led to greater land, sea and air connectivity between countries.

Trade and tourism have dramatically expanded.

Agribusiness has expanded, and countries’ commitment to environmental preservation is stronger than ever.

BIMP-EAGA is unique because of its focus on the role of the private sector.

The private sector mobilizes trade and investments while the public sector takes on an enabling role by providing a conducive policy and regulatory environment.

Over the past 25 years, infrastructure improvements have enhanced trade and investment by reducing the cost of doing business, and providing greater opportunities for SMEs.

Trade facilitation initiatives have helped align rules and regulations at ports and land border crossings.

Groundbreaking efforts in piloting ASEAN transport agreements, with BIMP-EAGA as a test-bed, have increased the mobility of goods and people.

Collaborative endeavors in agri-industries and fisheries,

Environment and tourism - including community based ecotourism, which aims to conserve natural and cultural resources - are helping address shared development challenges. 

A stronger sense of community and solidarity in this diverse, multi-cultural subregion is being achieved.

BIMP-EAGA's Vision 2025 is to be a resilient, inclusive, sustainable and economically competitive subregion to narrow development gaps.

BIMP-EAGA aims to further enhance the mobility of people, improve the seamless flow of goods across borders, and realize a single ASEAN production base.

Through these efforts, BIMP-EAGA is serving as a building block for ASEAN’s vision of one day integrating all its economies.

Working together, BIMP-EAGA is creating a brighter future…for all the subregion’s people.