As an intergovernmental economic cooperation program, BIMP-EAGA has an institutional structure that facilitates consultations and dialogue between and among the member countries at both national and subregional levels.
Priority infrastructure projects provide farmers and fisherfolk improved access to markets, deliver reliable energy to rural communities, catalyze trade in border areas, and boost tourist arrivals.
Under Vision 2035, BIMP-EAGA will develop climate-smart agro-industry and fisheries, support sustainable travel and tourism, promote regional value chains, and enhance human skills development.
BIMP-EAGA is optimistic about its economic prospects through 2035.
Under its 10-year strategic roadmap, Vision 2035, the subregion’s contribution to the ASEAN economy is expected to expand to at least 12% or an annual target of $720 billion, double the current average.
The Brunei Darussalam–Indonesia–Malaysia–Philippines East ASEAN Growth Area, or BIMP-EAGA, is a cooperation initiative established in 1994 to spur development in remote and less developed areas in the four participating Southeast Asian countries.
The four member nations drew up national development strategies and modified some policies in support of BIMP-EAGA. Cooperative agreements were facilitated, and cross-border arrangements explored. Policies liberalizing the transport sector enhanced the movement of people and goods. New commercial air and sea linkages were established between major urban areas. Tourism benefited from new investments in hotels and other related facilities.