The Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT) started life as an early attempt at economic liberalization & integration in ASEAN. It was formally endorsed by Indonesia

Indonesia

Indonesia , officially the Republic of Indonesia , is a country in Southeast Asia and Oceania. Indonesia is an archipelago comprising approximately 13,000 islands. It has 33 provinces with over 238 million people, and is the world's fourth most populous country. Indonesia is a republic, with an...

’s President Suharto, Malaysia’s Prime Minister Tun Dr. Mahathir Mohammad and Thailand

Thailand

Thailand , officially the Kingdom of Thailand , formerly known as Siam , is a country located at the centre of the Indochina peninsula and Southeast Asia. It is bordered to the north by Burma and Laos, to the east by Laos and Cambodia, to the south by the Gulf of Thailand and Malaysia, and to the...

’s Prime Minister Chuan Leekpai in 1993.

The IMT-GT is a strategic framework of international economic cooperation by the approval of leaders from the 3 countries to develop the area in the southern part of Thailand

Thailand

Thailand , officially the Kingdom of Thailand , formerly known as Siam , is a country located at the centre of the Indochina peninsula and Southeast Asia. It is bordered to the north by Burma and Laos, to the east by Laos and Cambodia, to the south by the Gulf of Thailand and Malaysia, and to the...

, some areas of Malaysia (Kedah

Kedah

Kedah is a state of Malaysia, located in the northwestern part of Peninsular Malaysia. The state covers a total area of over 9,000 km², and it consists of the mainland and Langkawi. The mainland has a relatively flat terrain, which is used to grow rice...

, Perlis

Perlis

Perlis is the smallest state in Malaysia. It lies at the northern part of the west coast of Peninsular Malaysia and has Satun and Songkhla Provinces of Thailand on its northern border. It is bordered by the state of Kedah to the south...

, Perak

Perak

Perak , one of the 13 states of Malaysia, is the second largest state in the Peninsular Malaysia bordering Kedah and Yala Province of Thailand to the north, Penang to the northwest, Kelantan and Pahang to the east, Selangor the Strait of Malacca to the south and west.Perak means silver in Malay...

, Penang

Penang

Penang is a state in Malaysia and the name of its constituent island, located on the northwest coast of Peninsular Malaysia by the Strait of Malacca. It is bordered by Kedah in the north and east, and Perak in the south. Penang is the second smallest Malaysian state in area after Perlis, and the...

, Selangor

Selangor

Selangor also known by its Arabic honorific, Darul Ehsan, or "Abode of Sincerity") is one of the 13 states of Malaysia. It is on the west coast of Peninsular Malaysia and is bordered by Perak to the north, Pahang to the east, Negeri Sembilan to the south and the Strait of Malacca to the west...

, Kelantan

Kelantan

Kelantan is a state of Malaysia. The capital and royal seat is Kota Bharu. The Arabic honorific of the state is Darul Naim, ....

, Melaka, Negeri Sembilan

Negeri Sembilan

Negeri Sembilan, one of the 13 states that constitutes Malaysia, lies on the western coast of Peninsular Malaysia, just south of Kuala Lumpur and borders Selangor on the north, Pahang in the east, and Malacca and Johor to the south....

) and some areas of Indonesia

Indonesia

Indonesia , officially the Republic of Indonesia , is a country in Southeast Asia and Oceania. Indonesia is an archipelago comprising approximately 13,000 islands. It has 33 provinces with over 238 million people, and is the world's fourth most populous country. Indonesia is a republic, with an...

 (Aceh

Aceh

Aceh is a special region of Indonesia, located on the northern tip of the island of Sumatra. Its full name is Daerah Istimewa Aceh , Nanggroë Aceh Darussalam and Aceh . Past spellings of its name include Acheh, Atjeh and Achin...

, North Sumatera, West Sumatera, Riau, Jambi, Bengkulu

Bengkulu

Bengkulu is a province of Indonesia. It is on the southwest coast of the island of Sumatra, and borders the provinces of West Sumatra, Jambi, South Sumatra and Lampung. The capital and largest city is Bengkulu city. It was formerly the site of a British garrison, which they called Bencoolen...

, Riau Island, Bangka Belitung, Lampung

Lampung

Lampung is a province of Indonesia. It is located on the southern tip of the island of Sumatra and borders the provinces of Bengkulu and South Sumatra. Lampung is the original home of the Lampung people, who speak a distinct language from other people in Sumatra and have their own alphabet. Its...

) 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

Asian Development Bank

The Asian Development Bank is a regional development bank established on 22 August 1966 to facilitate economic development of countries in Asia...

subsequently undertook a detailed feasibility study & formulated the framework for cooperation. 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 mobilize 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