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The summits of the BIMP-EAGA and the IMT-GT will also take place this day.
announced this following the conclusion of the recent 2nd BIMP-East ASEAN Growth Area (BIMP-EAGA) and IMT-GT (Indonesia, Malaysia, Thailand Growth Area) Trade Fair and Business Leaders' Conference organized by the Mindanao Development Authority (MINDA) in Davao City.
There are now Malaysian cabinet ministers assigned to deal with the lMS-GT as well as the IMT-GT, and corresponding business councils have been created.(38) But this raises an interesting issue relevant to other NETS, for there appears to be a learning curve for government bureaucracies to develop an administrative infrastructure to deal with sub-regional economic cooperation.
Now is the opportune time for us to look back to the past 20 years of BIMP-EAGA to appreciate the rhythms and patterns of what have worked - and even of what have not - and let these serve as guidance for our movers and shakers today as they face up to future challenges, and move ahead towards realizing BIMP-EAGA's and the equally dynamic IMT-GT's ultimate goals.
Montenegro said the Second BIMP-EAGA and IMT-GT conference was a success based on the results and gains during the business matching activities and the total agreements facilitated by exhibitors during the trade fair.
'While for IMT-GT it involves 41 projects worth 47 billion (US dollars).
Speaking at the formal opening of the BIMP-EAGA and the Indonesia, Malaysia, Thailand - Growth Triangle (IMT-GT) Business Leaders' Conference and Trade Fair here, Ramos noted that "as the Asean economic community moves toward a single market and production base by next year, it will have evolved into a competitive economic region with the freer flow of goods, services, investment, capital, and skilled labor."
Central factors are: the Sijori Triangle of rapid business growth, between Singapore, Riau province (Indonesia) and Johor (Malaysia), agreed on in 1992; and the Indonesia-Malaysia-Thailand Growth Triangle - IMT-GT, set up in 1994 involving North Sumatra, Malaysia's Penang and Kedah, and Thailand's southern provinces of Satun, Songkha, Yala, Narathiwat and Pattani.
Dr Mahathir would also participate in the 13th Brunei Darussalam-Indonesia-Malaysia-Philippines East Asean Growth Area (BIMP-EAGA) summit and the 12th Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT) summit that would be held tomorrow.
MFA said Dr Mahathir would also participate in the 13th Brunei Darussalam-Indonesia-Malaysia- Philippines East Asean Growth Area (BIMP-EAGA) summit and the 12th Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT) summit that would be held on June 23.
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