Critical to meet the challenges ahead, the Leaders further decided at the 2nd IMT-GT Summit in January 2007 in the Philippines, to establish a coordinating and monitoring centre for IMT-GT. The Centre for IMT-GT Subregional Cooperation (CIMT) was officially established in August 2007 through the goodwill and sponsorship of the Malaysian Government in hosting and according it an International Organisation status.
On 25 April 2013, it marks the first historical milestone towards a full-fledged secretariat for the IMT-GT by the signing of the Agreement on the Establishment of The Centre for IMT-GT Subregional Cooperation (CIMT) by three Leaders of Indonesia, Malaysia and Thailand. CIMT based in Malaysia with its operations funded equally by all three member countries.
CIMT’s arch binding objective is to accelerate sub-regional cooperation by providing a more cohesive institutional structure to coordinate and facilitate projects. More specifically, CIMT’s mandate are to:
- Strengthen coordination mechanisms and consultation processes among IMT-GT institutions in the subregion as well as provide institutional framework to support public and private sector activities;
- Improve facilitation and implementation of priority projects, as well as monitoring and evaluations of projects and agreements;
- Establish and enhance external relation with potential investors and donors; and
- Develop useful databases of IMT-GT activities and enhance information dissemination within and outside the subregion.
CIMT, as a central secretariat of IMT-GT, will provide support to Member Countries’ National Secretariats in the preparation and organising of official meetings; viz-a-viz the Leaders’ Summit, the Ministers’ Meeting, Senior Officials’ Meeting, and Working Groups Meetings. It will also provide assistance in the monitoring and coordination of follow-up actions with member Governments and their respective ministries and agencies.
Working closely with IMT-GT’s private sector, the Joint Business Councils (JBC), CIMT acts as a nodal for interaction with external investors, potential donor agencies, and development partners. The Asian Development Bank (ADB), IMT-GT’s key development partner, actively supports IMT-GT especially in the area of economic research and developmental studies, technical advice and financial assistance. An exemplary flagship project initiated by CIMT and ADB “IMT-GT Trade, Investment and Tourism Database (ITITD)” would provide a tool for qualitative and quantitative assessment of progress in trade and investment cooperation. The information database will be critical in establishing a platform to support analytical studies of strategic trade flows and investments in the subregion.