Background and Principles
Cooperation in Trade & Investment Facilitation emphasizes trade and investment facilitation and the seamless connectivity of cross-border trade and investment for production while reducing transaction costs. This includes the Sub-working Group on Customs, Immigration, and Quarantine (Sub-working Group of CIQ) to promote the development and improvement of facilitation regulations, and the Sub-working Group on Investment, Trade, Industry, Tourism Database (Sub-working Group on ITITD) responsible for collecting and processing statistical data on trade, investment, and tourism for each country.
Strategic Issues
Promote transparency through sharing information on trade measures and new trade
measures implemented in response to the Covid-19 pandemic
Establish coordination guidelines to support initiatives for cross-border
trade facilitation
Utilization of the IMT-GT cooperation framework on customs, immigration, and quarantine
Establish standards for performance monitoring
Endorse the “Cooperation Guidelines Among Competitors” as recommended
by the Asian Development Bank
Recent Progress
All three countries have completed the details of the Framework of Cooperation between the governments of Indonesia, Malaysia, and Thailand on Customs, Immigration, and Quarantine (FoC in CIQ) to facilitate cross-border movement of goods and people in the IMT-GT subregion. Senior officials from all three countries have agreed to expedite the signing of this cooperation framework within 2024.
