IORA Business Summit very important, Trade Minister Says

Jakarta, IORA- The Indian Ocean Rim Association (IORA) Business Summit is really important for Indonesia and other IORA member states.

The statement was made by Indonesia's Trade Minister Enggartiasto Lukita on Saturday (4/3).

“IORA Business Summit is very important. This is the first time for Heads of State and business players to attend the same event together. The region is expected to be the future of global economy along with its huge potentials,” the Minister said.

According to Enggar, IORA Business Summit is highly sought after by entrepreneurs and business players of the countries in Indian Ocean Rim.

“Entrepreneurs and business players’ interest to attend the event is very high. First, we were expected 150 participants in the event, but the number rose to 300. Not to mention, we have limited the number of participants,” the Minister added.

Enggar stated that IORA Business Summit will be attended by entrepreneurs and representatives of the chambers of commerce and industry of IORA member states.

“The Business Summit can be used to follow up any possible cooperation, both on trade and investment sectors,” the Minister explained.

Moreover, Enggar added, a trade expo will be held in the IORA Business Summit to display Indonesia's featured products and economic potential.

“We also prepare several bilateral meetings to discuss mutually beneficial trade agreement. Recently, Indonesia’s Foreign Minister also opened a market for us in South Africa,” he stated.

In IORA Business Summit, Declaration on Concrete Action for IORA member states' economy will be declared.

This year’s IORA Business Summit adopts the theme "Building Partnership for Sustainable and Equitable Economic Growth". The event will be opened by opening remarks from the President of the Republic of Indonesia, Joko Widodo.

(source: Antara/Translator: RAS)