Aquino: Connectivity to boost trade in east ASEAN
MANILA, Philippines – Increased connectivity in east ASEAN will generate more investments and tourism in the subregion.
This was the statement made by President Benigno Aquino III on Sunday, May 11 upon arriving from Myanmar following the 24th ASEAN Summit.
The President shared the outcome of the 10th Brunei-Indonesia-Malaysia-Philippines East ASEAN Growth Area of BIMP-EAGA Summit, which took place immediately after the ASEAN meeting.
He said, "We finalized what were only plans on connecting roads, airports and ports between Brunei, Indonesia, Malaysia, and the Philippines."
He said these included direct flights between Kota Kinabalu and Puerto Princesa, and the memorandum of agreement between private companies establishing the Davao-GenSan-Tahuna-Bitung shipping service.
He said these would result in "a stronger economy for the participating countries and more opportunities for our countrymen."
BIMP-EAGA is an economic cooperation formally created in 1994 covering the entire Brunei Darussalam; 10 provinces in the Indonesian islands of Kalimantan, Sulawesi, Maluku and Irian Jaya; Sabah, Sarawak and Labuan in Malaysia; and Mindanao and Palawan in the Philippines. - Rappler.com