Since its creation in 1994, BIMP-EAGA has been a highly effective mechanism for member countries to accelerate social and economic development in remote and less developed areas.
Now, as new trends and challenges emerge both regionally and globally, the organization has drawn up a blueprint for keeping itself relevant, going forward. It aspires to become resilient, inclusive, sustainable, and economically competitive.
BIMP-EAGA’s Vision 2025, prepared with support from the Asian Development Bank, provides a way forward for members to continue narrowing development gaps, for sustainably managing natural resources, and for promoting stronger connectivity.
It focuses on three main outcomes:
- Developing a competitive and “green” manufacturing sector that can add value to production.
- Creating sustainable, competitive and climate-resilient agriculture and fishing industries.
- Adopting a multi-country approach to tourism that benefits less developed areas.
Its objectives have clear targets and indicators (2015, baseline):
- EAGA represents 20% of the BIMP economy.
- Intra-EAGA trade increased to 10% of total trade.
- EAGA exports increased to $240 billion.
- Foreign direct investments increased to $66 billion.
- Foreign and domestic tourist arrivals increased to 124 million.
- Agriculture and fisheries output increased by 10%.
- 200 small and medium-sized enterprises adopting green technologies.