The IMT-GT currently consists of:
- 14 provinces in Southern Thailand (Krabi, Nakhon Si Thammarat, Narathiwat, Pattani, Phattalung, Satun, Songkhla, Trang, Yala, Chumphon, Ranong, Surat Thani, Phang Nga, Phuket)
- 8 states of Peninsular Malaysia (Kedah, Kelantan, Melaka, Negeri Sembilan, Penang, Perak, Perlis and Selangor)
- 10 provinces in the island of Sumatra in Indonesia (Aceh, Bangka-Belitung, Bengkulu, Jambi, Lampung, North Sumatra, Riau, Riau Islands, South Sumatra, and West Sumatra)
The IMT-GT subregion is a classic growth triangle, characterized by many economic complementarities, geographical proximity, and close historical, cultural and linguistic ties. With the total market of 72 million (2006) and land area covering 602,293.9 square kilometer, the potential for growth and development for this subregion is huge.
Development Vision and Goal
The IMT-GT envisions a seamless, progressive, prosperous and peaceful subregion with improved quality of life. This will contribute to the realization of an ASEAN Economic Community by 2020.
To realize this vision, the IMT-GT aims to accelerate private sector-led economic growth and help facilitate the development of the subregion as a whole. Its objective, as stated in the Roadmap for Development 2007-2011, is to increase intra-IMT-GT and inter-IMT-GT trade and investment.
Substantial improvement in physical connectivity of the IMT-GT subregions is expected by 2011, with a number of road, airport and port projects being completed. Much closer collaboration between the public and private sectors, and participation of provincial and state governments in the process, are expected to be achieved within the Roadmap implementation period.
The Strategic Thrusts of the IMT-GT Roadmap are to:
- facilitate and promote intra- and inter-IMT-GT trade and investments;
- promote the growth of agriculture and agro-industry and tourism;
- strengthen infrastructure linkages and support to the integration of the IMT-GT subregion;
- address cross-sectoral concerns such as HRD, labor and environment issues;
- strengthen institutional arrangements and mechanisms for cooperation.
To sharpen its focus, the Roadmap will build on two anchors:
- a policy and regulatory anchor, designed to provide an enabling environment conducive to private sector activities;
- an anchor built around major IMT-GT corridors that can serve as trunk lines from which development will radiate to neighbouring areas through transport and economic linkage.