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The participating countries hoped that the IMT-GT would function as an engine of growth to boost economic, social & cultural ties between their common border areas. It was envisaged that the private sector would drive the economic agenda & development of the IMT-GT, while the role of the public sector would be to support & facilitate wherever possible the activities of the private sector.
The Asian Development Bank subsequently undertook a detailed feasibility study & formulated the framework for cooperation. The study concluded that the IMT-GT had great potential to stimulate cross-border economic integration in 6 priority areas, namely: Infrastructure Development; Agriculture & Fisheries; Trade; Tourism; Human Resource Development; and Professional Services. |
