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History of BIMP-EAGA
- Owing to the success of the growth area concept in several sub-regions in Asia, the heads of state of Brunei Darussalam, Indonesia, Malaysia and the Philippines met in 1992 to discuss the adoption of the concept through an economic cooperation scheme involving the four countries.
- Brunei Darussalam-Indonesia-Malaysia-the Philippines East ASEAN Growth Area (BIMP-EAGA) begun
as a main agenda item in the high level talks of then President Fidel V. Ramos with his BIM
counterpart Heads of States in 1992. The endorsements and confirmations of then Indonesian
President Suharto (September 1993), Sultan Haji Hassanal Bolkiah of Brunei Darussalam
(November 1993), and Malaysian Prime Minister Mahathir Mohammad (February 1994) paved the
way for the BIMP-EAGA Inaugural Senior Officials’ Meeting and Ministers’ Meeting (SOM/MM)
in Davao City, Philippines on 24-26 March 1994.
- Immediately after its creation, the Asian Development Bank (ADB) conducted an exhaustive investigative study on the growth potentials of the sub-region that initially identified 13 areas of cooperation.
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