Joint Statement Tenth Indonesia – Malaysia – Thailand Growth Triangle Summit

1. We, the leaders of the Republic of Indonesia, Malaysia, and the Kingdom of Thailand, meet today in Manila, the Republic of the Philippines on the occasion of the 10th Indonesia- Malaysia-Thailand Growth-Triangle (IMT-GT) Summit Meeting under Malaysia’s Chairmanship.

2. We commend the significant role played by IMT-GT in the ASEAN Economic Community building process. The IMT-GT economy remains resilient despite a challenging global economic environment in recent years. We are pleased to note that the IMT-GT recorded a commendable average annual growth rate of 6.9 percent for the period 2010- 2015. At the same time, our Gross Domestic Product (GDP) per capita has increased to US$13,844 in 2015, higher than the US$11,009 recorded for ASEAN. Our total, trade and foreign direct investment inflow also expanded by an annual average of 1.4 percent and 4.5 percent respectively from 2010 to 2015.

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