Trade and Investment

Special economic zones can be turned into interconnected engines of growth, particularly along economic corridors, maximizing spillover effects and creating and deepening linkages to the domestic and regional economy.

BIMP-EAGA convened an inception meeting of the new Economic Zones Working Group (EZWG) on Monday, 29 June, in Jakarta.

Adopting a tailored approach, Indonesia leans on the strengths of each eastern region to maximize growth potential.

An ADB-supported initiative will enhance national Authorized Economic Operator (AEO) programs in BIMP-EAGA and make them more accessible to MSMEs.

The strategic partnership is expected to boost Brunei Darussalam’s position as a maritime and logistics hub in the BIMP-EAGA subregion.

Foreign direct investment in supply-chain intensive industries and special economic zones continues to increase.

Growth forecasts for selected countries in the region, including BIMP-EAGA members—Indonesia, Malaysia, and the Philippines, were updated.

ADB organized a 3-day workshop on “SEZs as Drivers of Economic Corridors and Value Chains” on 30 July to 1 August in Jakarta in partnership with the Coordinating Ministry for Economic Affairs of Indonesia.

Mindanao, where majority of Muslim Filipinos live, is being developed as the country’s halal hub because of its proximity to large halal ecosystems.