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What are the opportunities?

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.

BIMP-EAGA wants to strengthen its unique positioning as a unified growth area and unlock its full economic potential amid global headwinds and long-standing challenges of reducing poverty and inequality. This entails being responsive to emerging opportunities, while ensuring that inclusivity and sustainability are mainstreamed across all dimensions of its economic integration endeavors.

With Vision 2035, BIMP-EAGA will pursue the following four strategic outcomes:

  • Climate-smart agro-industry and fisheries that enhance food security while building climate resilience;
  • Seamless travel and sustainable tourism that balances growth with environmental and community stewardship;
  • A network of production hubs that strengthens competitiveness, investment, and regional value chains; and
  • An agile and future-ready workforce equipped for the digital, green, and blue economies.

The subregion will also pursue opportunities in digitalization, the blue economy, circular and regenerative economies, and creative industries.

A rolling pipeline of priority infrastructure projects is expected to further improve connectivity within the growth area and with other markets, making it more conducive to doing business and opening trade and investment opportunities, including public–private partnerships for selected BIMP-EAGA projects.

Infrastructure investments will focus on developing economic corridors, which will link production with supply chains and provide opportunities for small- and medium-sized enterprises. BIMP-EAGA is reconfiguring, expanding, and interlinking economic corridors to better spread the benefits of development to marginalized areas and contribute to sustainable and inclusive growth.

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