BIMP-EAGA
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BIMP-EAGA
East ASEAN Growth Area |
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| Type | Subregional economic co-operation |
| Members |
4 Countries
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| Establishment | 24 March 1994 |
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Website
www |
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The East ASEAN Growth Area (BIMP-EAGA) is a subregional economic co-operation initiative in Southeast Asia. It has four members: Brunei, Indonesia, Malaysia and the Philippines. It was founded in Davao City.
BIMP-EAGA was launched in 1994 as a co-operation initiative by Brunei Darussalam, Indonesia, Malaysia and the Philippines, all of which are member-countries of the regional Association of Southeast Asian Nations (ASEAN). The objective behind the creation of BIMP-EAGA is to accelerate economic development in the four countries' "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. The BIMP-EAGA initiative is market-driven and operates through a decentralised organisation structure involving the four governments and the private sector.
BIMP-EAGA co-operation aims to increase trade, tourism and investments inside and outside the subregion by:
BIMP-EAGA covers a land area of 1.6 million square kilometres and has a combined population of 57.5 million.
It comprises the following focus areas: the entire sultanate of Brunei Darussalam; the provinces of Kalimantan, Sulawesi, Maluku, West Papua and Papua in Indonesia; the states of Sabah and Sarawak, and the federal territory of Labuan in Malaysia; the island of Mindanao and the province of Palawan in the Philippines.
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