The Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT) is a subregional cooperation initiative formed in 1993 by the governments of Indonesia, Malaysia, and Thailand to accelerate economic transformation in less developed provinces. The private sector has played and will continue to play a key role in promoting economic cooperation in IMT-GT. The IMT-GT has grown in geographic scope and activities to encompass about 70 million people. It is now composed of 14 provinces in southern Thailand, 8 states of Peninsular Malaysia, and the 10 provinces of Sumatra in Indonesia.
Indonesia boasts the largest economy in the Association of Southeast Asian Nations (ASEAN), and the 16th largest worldwide. Its economic growth since 2009 has helped lift over 3 million Indonesians out of poverty.
Malaysia has made huge strides in socioeconomic development over the past 4 decades, transforming itself from an underdeveloped country reliant on natural resources into a middle-income country with a vibrant manufacturing sector.
Having attained upper-middle-income status in recent times, Thailand aspires to reach higher-income status within the next decade. With its strategic geopolitical position and significance as the second-largest economy in the Association of Southeast Asian Nations (ASEAN), the country plays a major role in promoting regional cooperation and integration.