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The
Indonesia-Malaysia-Thailand
Growth
Triangle
or
IMT-GT
was
established
in
1993,
following
the
feasibility
study
and
the
cooperation
framework
of
the
Asian
Development
Bank.
It
primarily
focuses
on
cooperation
from
the
private
sector
with
support
from
the
private
sector.
Its
main
goal
is
to
promote
the
common
use
of
economic
resources
to
achieve
the
highest
potential
in
production,
investment,
technology
transfer
and
infrastructure
links
to
reduce
transportation
costs,
enabling
the
IMT-GT
products
to
be
competitive
in
the
global
market.
This
project
covers
some
parts
of
the
3 countries:
5 southern
border
provinces
of
Thailand
(Songkhla,
Pattani,
Narathiwat,
Yala
and
Satun),
4 Malaysian
states
(Kedah,Perlis,
Perak,
and
Penang)
and
the
North
of
Indonesia
(Medan,
Banda
Aceh,
Aceh
and
Riau).
One
factor
contributing
to
the
economic
cooperation
of
the
IMT-GT
is
that
each
area
has
different
products.
For
example,
the
South
of
Thailand
produces
vegetables,
fruits
and
rubber
trees,
while
the
North
of
Sumatra
is
abundant
in
oil,
natural
gas
and
sea
products,
and
the
North
of
Malaysia
gains
advantage
from
its
electronic
industry,
palm
oil
and
rubber
products.
However,
the
restraints
of
the
IMT-GT
project
are
the
poor
quality
of
labor
and
human
resources,
lack
of
public
utilities
-communications
and
land,
sea
and
air
transportation
– and
uncoordination
in
the
investment-trade-customs
policy
and
transport
procedures
among
the
threesub-regions.
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IMT-GT
Studies Center(Thailand), Prince of Songkla University |
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