Stable government crucial to boost BIMP-EAGA trade

● Tuesday, July 31, 2012

Roselan Johar
KOTA KINABALU: The recent meeting of the Brunei-Indonesia-Malaysia-the Philippines East Asia Growth Area (BIMP-EAGA) and BIMP-EAGA Business Council with officials from the Ministry of Commerce, People’s Republic of China has opened vast trade doors to accommodate both the private sector and government-linked companies (GLCs).

However, Chairman of Malaysia’s BIMP-EAGA Business Council Roselan Johar Mohamed said the Chinese would come only if there was a stable government “because stability is good for business.”

“It now becomes our joint responsibility to see a stable government in place in order for everyone to benefit. From what we understood during the meeting, the Chinese government wants cooperation with BIMP-EAGA, and they want more projects to be injected into this cooperation,” he told Bernama.

Roselan said the China-Asean Investment Cooperation Fund was created for this purpose.
“It is hoped that more trade associations and the private sector subscribe to the aspiration of the BIMP-EAGA Business Council to disseminate information like this in order for all to benefit.

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2 comments:

  1. Kris JrAugust 12, 2012 at 5:04 PM

    The objective behind the creation of BIMP-EAGA is to accelerate economic development in the four countries' “focus areas” which, although geographically distant from their national capitals, are in strategic proximity to each other, in one of the world’s most resource-rich regions.

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  2. Kris JrAugust 12, 2012 at 5:06 PM

    The BIMP-EAGA initiative is market-driven, and operates through a decentralized organization structure involving the four governments and the private sector.

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