BIMPEAGA ECONOMIC CORRIDOR Mr Batara Indonesia Ms Ruzana

BIMP-EAGA ECONOMIC CORRIDOR Mr. Batara – Indonesia Ms. Ruzana Abdul Razak – Malaysia Ms. Ainul Radziah Zamhuri – Malaysia Ms. Maharlika Alonto – Philippines Ms. Maria Felicidad Guerrero – Philippines 1

MAPS AND QUICK FACTS OF BIMP – EAGA ECONOMIC CORRIDORS • Established: 1994 • Objective: To accelerate the social economic development of the least developed and geographically remote areas in the members countries Members 1 Brunei 2 Indonesia 3 Malaysia 4 Philippines • Total land area: 1. 6 million square km • Population: est. 73 million 2

BIMP – EAGA VISION 2025 GUIDING FRAMEWORK 3

BIMP – EAGA INSTITUTIONAL STRUCTURE 4

BIMP – EAGA ECONOMIC CORRIDORS MAPS 5

BIMP – EAGA ECONOMIC CORRIDORS DEVELOPMENT APPROACH AND GOALS 6

PROPOSED WEST BORNEO ECONOMIC CORRIDORS DEVELOPMENT INSTITUTIONAL JOINT COMMITTEE COOPERATION SECRETARIAT OF JOINT COMMITTEE COOPERATION POWER AND ENERGY JOINT WORKING GROUP AGRIBUSINESS JOINT WORKING GROUP TOURISM JOINT WORKING GROUP 7

PROPOSED GREATER SULU-SULAWESI ECONOMIC CORRIDORS DEVELOPMENT INSTITUTIONAL JOINT COMMITTEE COOPERATION SECRETARIAT OF JOINT COMMITTEE COOPERATION MARITIME TRANSPORT JOINT WORKING GROUP AGRIBUSINESS JOINT WORKING GROUP TRADE AND INVESTMENT FACILITATION JOINT WORKING GROUP 8

Economic Corridors Summary Economic Corridors What Why (Subregional Dimensions, Justifications, Rationale) Where (Location) To accelerate economic growth and narrow development gaps: Maritime-Transport based, and trade multifacilitation sectoral EC Benefica -Increased ries: investments commun -Strong ities historical trade and Brunei, Sabah, Sarawak, West Kalimantan West Land. Borneo EC based, multisectoral EC Greater Sulu. Sulawesi EC Who Stakehol ders: Federal, Local goverme nts, and private sector When (Timeline) e. g Established and Target Completion Est: 2007 Sulu. Est: 2007 Sulawesi Seas, North Sulawesi, Sabah, Mindanao & Palawan How (Strategy and Action Plan) Yes or No Yes -Interconnected seamless and safe multi modal transport - Viable crossborder trading -Secure energy sector -Competitive and resilient agriculture and fishery 9 -Sustainable

Economic Corridors Benefits and Opportunities • Increased investment/FDI in the subregions • Enhanced trade facilitation • Improved connectivity and infrastructure • Increased incomes • Enhanced sharing of skills and technology • Increased tourist arrivals • Adoption of green technology 10

Economic Corridors Challenges and Constraints • Different levels of economic development • Differences in policy and regulatory environment; • Minimal private sector participation • Insufficient funding from government • Security threats 11

Economic Corridors Overall Recommendation • Enhance connectivity • Improve coordination and synergy • Joint planning among gov’ts and stakeholders • Lobby for regulatory policies parallel to strategies in sub region • Enhance monitoring and evaluation system 12