The Indonesia–Malaysia–Thailand Growth Triangle (IMT-GT) started as an early attempt at economic liberalisation & integration in

ASEAN ASEAN ( , ), officially the Association of Southeast Asian Nations, is a political and economic union of 10 member states in Southeast Asia, which promotes intergovernmental cooperation and facilitates economic, political, security, militar ...

. It was formally endorsed by

Indonesia Indonesia, officially the Republic of Indonesia, is a country in Southeast Asia and Oceania between the Indian and Pacific oceans. It consists of over 17,000 islands, including Sumatra, Java, Sulawesi, and parts of Borneo and New Guine ...

’s President

Suharto Suharto (; ; 8 June 1921 – 27 January 2008) was an Indonesian army officer and politician, who served as the second and the longest serving president of Indonesia. Widely regarded as a military dictator by international observers, Suharto ...

Malaysia Malaysia ( ; ) is a country in Southeast Asia. The federation, federal constitutional monarchy consists of States and federal territories of Malaysia, thirteen states and three federal territories, separated by the South China Sea into two r ...

’s Prime Minister Tun Dr. Mahathir Mohammad and

Thailand Thailand ( ), historically known as Siam () and officially the Kingdom of Thailand, is a country in Southeast Asia, located at the centre of the Indochinese Peninsula, spanning , with a population of almost 70 million. The country is bo ...

’s Prime Minister Chuan Leekpai in 1993. The IMT-GT is a strategic framework of international economic co-operation by the approval of leaders from the 3 countries to develop the area in the southern part of

, some areas of

(

Kedah Kedah (), also known by its honorific Darul Aman (Islam), Aman and historically as Queda, is a States and federal territories of Malaysia, state of Malaysia, located in the northwestern part of Peninsular Malaysia. The state covers a total area ...

Perlis Perlis, ( Northern Malay: ''Peghelih''), also known by its honorific title Perlis Indera Kayangan, is the smallest state in Malaysia by area and population. Located on the northwest coast of Peninsular Malaysia, it borders the Thai provinces o ...

Perak Perak () is a state of Malaysia on the west coast of the Malay Peninsula. Perak has land borders with the Malaysian states of Kedah to the north, Penang to the northwest, Kelantan and Pahang to the east, and Selangor to the south. Thailand's ...

Penang Penang ( ms, Pulau Pinang, is a Malaysian state located on the northwest coast of Peninsular Malaysia, by the Malacca Strait. It has two parts: Penang Island, where the capital city, George Town, is located, and Seberang Perai on the Malay ...

Selangor Selangor (; ), also known by its Arabic language, Arabic honorific Darul Ehsan, or "Abode of Sincerity", is one of the 13 Malaysian states. It is on the west coast of Peninsular Malaysia and is bordered by Perak to the north, Pahang to the east ...

Kelantan Kelantan (; Jawi: ; Kelantanese Malay: ''Klate'') is a state in Malaysia. The capital is Kota Bharu and royal seat is Kubang Kerian. The honorific name of the state is ''Darul Naim'' (Jawi: ; "The Blissful Abode"). Kelantan is located in the ...

Melaka Malacca ( ms, Melaka) is a States and federal territories of Malaysia, state in Malaysia located in the southern region of the Malay Peninsula, next to the Strait of Malacca. Its capital is Malacca City, dubbed the Historic City, which has bee ...

Negeri Sembilan Negeri Sembilan (, Negeri Sembilan Malay: ''Nogoghi Sombilan'', ''Nismilan'') is a state in Malaysia which lies on the western coast of Peninsular Malaysia. It borders Selangor on the north, Pahang in the east, and Malacca and Johor to the s ...

) and some areas of

(

Aceh Aceh ( ), officially the Aceh Province ( ace, Nanggroë Acèh; id, Provinsi Aceh) is the westernmost province of Indonesia. It is located on the northernmost of Sumatra island, with Banda Aceh being its capital and largest city. Granted a s ...

North Sumatera North Sumatra ( id, Sumatra Utara) is a province of Indonesia located on the northern part of the island of Sumatra. Its capital and largest city is Medan. North Sumatra is Indonesia's fourth most populous province after West Java, East Java and ...

West Sumatera West Sumatra ( id, Sumatra Barat) is a province of Indonesia. It is located on the west coast of the island of Sumatra and includes the Mentawai Islands off that coast. The province has an area of , with a population of 5,534,472 at the 2020 ce ...

Riau Riau is a province of Indonesia. It is located on the central eastern coast of Sumatra along the Strait of Malacca. The province shares land borders with North Sumatra to the northwest, West Sumatra to the west, and Jambi to the south. Accord ...

Jambi Jambi is a province of Indonesia. It is located on the east coast of central Sumatra and spans to the Barisan Mountains in the west. Its capital and largest city is Jambi. The province has a land area of 50,160.05 km2, and a sea area of 3, ...

Bengkulu Bengkulu is a province of Indonesia. It is located on the southwest coast of Sumatra. It was formed on 18 November 1968 by separating out the former Bencoolen Residency area from the province of South Sumatra under Law No. 9 of 1967 and was fi ...

Riau Islands The Riau Islands ( id, Kepulauan Riau) is a province of Indonesia. It comprises a total of 1,796 islands scattered between Sumatra, Malay Peninsula, and Borneo including the Riau Archipelago. Situated on one of the world's busiest shipping la ...

Bangka Belitung The Bangka Belitung Islands ( id, Kepulauan Bangka Belitung) is a province of Indonesia. Situated off the southeastern coast of Sumatra, the province comprises two main landmasses— Bangka and Belitung—and numerous smaller islands. Bangka Beli ...

Lampung Lampung (Lampung: ), officially the Province of Lampung ( id, Provinsi Lampung) is a province of Indonesia. It is located on the southern tip of the island of Sumatra. It has a short border with the province of Bengkulu to the northwest, and a ...

) to become ‘the sub-region of continuous development, progress, wealth, peace and quality of life’ according to the five-year IMT-GT Roadmap ( 2007–2011). The

Asian Development Bank The Asian Development Bank (ADB) is a regional development bank established on 19 December 1966, which is headquartered in the Ortigas Center located in the city of Mandaluyong, Metro Manila, Philippines. The bank also maintains 31 field office ...

subsequently undertook a detailed feasibility study & formulated the framework for co-operation. The study concluded that the IMT-GT had great potential to stimulate cross-border economic integration in 6 priority areas, namely: Infrastructure Development; Agriculture & Fisheries; Trade; Tourism; Human Resource Development; and Professional Services.

The IMT-GT JBC

The IMT-GT Joint Business Council (IMT-GT JBC) was inaugurated in 1995 as the official vehicle to mobilise private sector participation & involvement in the IMT-GT. Between 1995–2005, the IMT-GT JBC facilitated the investment of an estimated US$3.80 billion worth of new projects in the IMT-GT region.

IMT-GT Goals

The overall goal of the IMT-GT is to accelerate private sector-led economic growth in the IMT-GT region by: * a. Increasing trade & investment by exploiting the underlying economic complementariness and comparative advantages; * b. Increasing exports to the rest of the world by enhancing competitiveness for exports and investment; * c. Increasing the welfare of the people by creating employment, educational, social and cultural opportunities in the IMT-GT region; * d. Encouraging the private sector to play a leading role, while the public sector facilitates and supports as much as possible

References

IMT-GT Secretariat
{{DEFAULTSORT:Imt-Gt Maritime Southeast Asia Economy of Indonesia Economy of Thailand International organizations based in Asia ASEAN Malaysia–Thailand relations Indonesia–Malaysia relations Indonesia–Thailand relations Foreign trade of Indonesia Foreign trade of Malaysia

The IMT-GT JBC

IMT-GT Goals

See also

References