E-Magazine facebook

   Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT) Cooperation
The Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT) sub-regional economic cooperation was an initiative formed in 1993 by the governments of Indonesia, Malaysia, and Thailand. The goal of IMT-GT is to push the private sector of the member states to be leaders in trading and investment, leading to economic growth. Furthermore, it aims to support regional economic development by exploiting their economic advantages as their similarity in geography, environment, religion, culture, tradition, and language. The member states’ governments agreed to promote the private sector role in building economic growth. The governments will provide the environment and infrastructure that facilitate economic development and push IMT-GT to be a part of the economic development plan. 

The Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT) continuously conducts its meeting activities. Recently, the IMT-GT held the 15th IMT-GT Summit for the development plan on May 11, 2023, at Labuan Bajo, Indonesia. The IMT-GT representatives of the three countries jointly celebrated the 30th anniversary of the IMT-GT establishment with essential achievements of the cooperation, such as the continuous increase in the subregion’s GDP value. At the same time, Thailand highlighted four key development aspects, as follows: 1) Accelerate to develop the pending transport infrastructure projects and add new projects in physical connection projects (PCPs) for seamless connectivity and in line with Thailand's MR Map plan; 2) Accelerate cooperation in the palm oil industry by focusing on promoting value-added production for oil palm, which is an important economic crop of IMT-GT, as well as emphasizing all sectors to accelerate the implementation of oil palm projects to achieve concrete results and to attract investments in the oil palm industry to enhance the agricultural value chain for the IMT-GT subregion; 3) Accelerate the signing of the IMT-GT member countries on the Framework of Cooperation between the Government of Indonesia, Malaysia, and Thailand in Customs Immigration and Quarantines Procedures or FoC in CIQ to facilitate the seamless movement of people and product, and to increase the economic potential of the routes along the 6 economic corridors in the IMT-GT subregion; and 4) Develop projects under environmental cooperation in line with the BCG Model through various forms of funding, such as Thai Sustainability Bonds and supporting the project development under the Green Cities Plan, and accelerating the project development under the Sustainable Development Framework (SUDF) investment plan. Furthermore, the three member countries and their main development partners, which are the ASEAN Secretariat and the Asian Development Bank (ADB), also discussed significant cooperation issues, such as green development and the blue economy for sustainability, applying digital technology to enhance sub-regional development, and building cooperation in IMT-GT potential industries, such as halal, rubber, and tourism (Source: The Office of the National Economic and Social Development, 2023). Recently, IMT-GT held a leadership seminar on the occasion of the 30th anniversary of the Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT) cooperation on July 12–13, 2023, at the Borobudur Hotel, Jakarta, Indonesia. In this regard, the IMT-GT has invited Mr. Supadetch Ongsakul, Deputy Secretary General of the Thai Rubber Association (TRA), to join in exchanging information on the development of rubber cities, as well as proposing useful guidelines and developing cooperation among the IMT-GT group.

In conclusion, the Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT) sub-regional economic cooperation has great importance. In order to protect the benefits of rubber farmers, entrepreneurs and all relevant parties, the Thai Rubber Association (TRA) hopes that strong cooperation under the Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT) will provide holistic strategic benefits to Thailand.

Mr. Chaiyos Sincharoenkul
The Thai Rubber Association

Monthly of   July  2023     


    iconAll Activities  
Workshop on the Operations of Thai Rubber Products under the EU Deforestation-free Products Regulation (EUDR)
icon 26  September  2023
The Rubber Authority of Thailand (RAOT) held a Workshop on the Operations of Thai Rubber Products under the  EU Deforestation-free Products Regulation (EUDR) on September 26, 2023, from 9:30 a.m. to 3:30 p.m. at the Sathon Sathan Phithak conference room 1, Building 1, 3rd Floor, the RAOT Head ..
Congratulations to the Minister of Agriculture and Cooperatives, Mr. Thammanat Phromphao
icon 26  September  2023
On Tuesday, September 26, 2023, Mr. Chaiyos Sincharoenkul, President of the Thai Rubber Association, and Mr. Nakorn Tangavirapat, Governor of the Rubber Authority of Thailand, along with the Thai Rubber Association Committee and Manager joined in giving fruit baskets to congratulate Minister of Agr..
A Seminar on “The Future of Thai Rubber in the Southern Border Provinces”
icon 18  September  2023
The Southern Border Provinces Administrative Center (SBPAC) held a seminar on “The Future of Thai Rubber in the Southern Border Provinces” on September 18, 2023, from 9:00 a.m. - 10:30 a.m. at the meeting room, 2nd floor, Yala Provincial Government Center Building, Siroros Road, Sateng Subdistrict,..
An Academic Seminar on
icon 9  September  2023
Faculty of Economics, Prince of Songkla University, held an academic seminar on "Thai Economy...How to Move Forward" on September 9, 2023, from 1:00 p.m. - 4:00 p.m. at the Conference Hall, the 60th Anniversary of His Majesty The King's Accession to the Throne International Convention Center, Hat Y..
The Board of Trade of Thailand Annual Seminar 2023
icon 5  September  2023
The Board of Trade of Thailand together with the Joint Foreign Chambers of Commerce in Thailand (JFCCT), and the Department of Business Development under the Ministry of Commerce held the Board of Trade of Thailand Annual Seminar 2023 with the theme  Connect, Sustainable, Competitive on Septem..
Congratulations to the Minister of Agriculture and Cooperatives, Mr. Thammanat Phromphao
icon 26  September  2023
A Seminar on “The Future of Thai Rubber in the Southern Border Provinces”
icon 18  September  2023
An Academic Seminar on
icon 9  September  2023
The Board of Trade of Thailand Annual Seminar 2023
icon 5  September  2023


    All News
Tea and rubber production records modest growth on year-on-year basis   11  September  2023
Japanese rubber futures rise   10  September  2023
Rubber traders in crisis as harvest drops significantly   6  September  2023
Malaysia’s trade for March declines 1.6% to RM232.72 bil   19  April  2023
Asia’s growth will outpace both the U.S. and Europe this year, Morgan Stanley says   17  April  2023
DOSM: Natural rubber production dips 7.6%, exports up 18.4% in February   12  April  2023
Banks in ‘more precarious situation’ creating risks for global growth, IMF chief economist warns   11  April  2023
ARBC: Sustainable natural rubber production should not come at cost of smallholders' livelihoods   20  March  2023
The world’s in a ‘polycrisis’ — and these countries want to quash it by looking beyond GDP   26  December  2022
India Rubber: Kerala rubber prices steady on low supply, weak demand   23  December  2022



Home  | Member Coorperation | News | Activities | NR Price | NR Situation | NR Statistics | Web Links | Contact Us


The Thai Rubber Association 45, 47 Chotevittayakul 3 Road, Hatyai Songkhla 90110 Thailand
TEL. 074-429011-2 , 074-429311 FAX. 074-429312 E-MAIL: tra@thairubber.org


©Copyright 2007. All Rights Reserved. Developed by ME-FI dot com