DEVELOPMENTS - Cebu Summit: Indonesia, Malaysia, Thailand pen joint development pact

Bangkokpost.com, january 13 2007

CEBU, Jan 13 - The leaders of Indonesia, Malaysia and Thailand agreed here to further boost their economies and strengthen infrastructure linkages among the three nations when they met Friday for the 2nd Indonesia, Malaysia, Thailand Growth Triangle Summit -- the IMT-GT Summit.Meeting in this southern Philippines city in the context of a wider Association of Southeast Asian Nations (ASEAN) summit, according to Thai government spokesman Yongyuth Mayalarp, five major issues were addressed in the pact.Agreeing to implement a five-year plan, beginning this year and continuing through 2011, Mr. Yongyuth said the road map includes trade and investment promotion in which IMT-GT plazas will be set up to develop border towns and ports, promotion of agriculture and tourism, and support for strengthening basic infrastructure and information technology including four highway projects.

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