Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT) is a sub-regional economic cooperation programme launched in 1993 aimed at spurring economic development in participating provinces and states in the three countries. IMT-GT focuses on enhancing trade and investment opportunities, tourism, strengthening infra-structure links and institutional arrangements, amongst others, to achieve a vision of an integrated, innovative, inclusive and sustainable subregion.
Inaugurated in 1995, the IMT-GT Joint Business Council (JBC) acts as the focal point of the private sector. It has been entrusted to spearhead the involvement of the private sector in IMT-GT and to pursue trade and investment opportunities created under the IMT-GT Vision 2036.
JBC serves as the driving force for private sector participation in cross-border trade and investment to leverage the economic market size of IMT-GT of 85 million people comprising 35 regions and states in the IMT-GT member countries.
JBC will also take advantage of various commercial opportunities undertaken under IMT-GT such as the Green Initiative under the Sustainable Development Framework (SUDF) and the implementation of the Physical Connectivity Projects (PCP) through private-sector led.
In this context, the Southeast Asia–China Industry Hub will establish a strategic partnership with IMT-GT and its Joint Business Council (JBC), leveraging the region’s market scale and industrial base alongside China’s strengths in capital, technology, and supply chains, to facilitate cross-border investments, project implementation, and sustainable development initiatives across the region.
