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The Philippine Embassy fully supports the BIMP-EAGA initiatives being undertaken in Brunei Darussalam, and regularly collaborates with the Brunei Darussalam BIMP-EAGA Business Council (BD-BEBC) to foster projects and activities within the BIMP-EAGAs pillars of development.
MinDA is expected to play a major role in the trade arrangement considering its function as the Philippine coordinating office for the BIMP-EAGA.
BIMP-EAGA was primarily perceived as a mechanism to improve the socio-economic development of certain less developed and remote territories of Southeast Asia, and, by doing so, close the development gap between its constituent sub-national regions (e.
The BIMP-EAGA growth area consists of Brunei, the regions of Kalimantan, Sulawesi, Irian Jaya and Maluku in Indonesia, the Malaysian states of Sabah and Sarawak and the Federal Territory of Labuan, and Mindanao and Palawan in the Philippines.
The leaders said in their joint statement released after the summit that they want to ''enhance the BIMP-EAGA initiatives by strengthening the institutional set-up of the BIMP-EAGA sub-regional cooperation.
BIMP-EAGA is the Brunei Indonesia Malaysia Philippines-East ASEAN Growth Area.
The Resolution seeks to grant travel tax exemption to travelers from Mindanao and Palawan to BIMP-EAGA to help enhance trade, tourism, and investments in the said areas.
Responding to criticisms of slow growth in the region, Daim suggested the BIMP-EAGA conference in Darwin would be a starting point to turn around such perceptions.
Styled Budayaw: The BIMP-EAGA Festival of Culture and the Arts, the event will feature multi-activities such as shows, performances, and exhibits aimed to foster understanding and solidarity among the multi-cultural people that co-exist in the area.
This year's theme is 'Taking Pride in the Creative Diversity of the BIMP-EAGA Region.
Since I brought up to (Mahathir) in Malaysia the idea of reviving BIMP EAGA and he was quite enthusiastic about it, I hope to do the same in Brunei, especially because the sultan of Brunei has been looked upon as a leader of BIMP-EAGA,'' she said.
He hoped the BIMP-EAGA conference on October 27-28, which has attracted leading political and economic figures from the region, would help the process of conciliation.
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