Government, business leaders pledge to tighten IORA Cooperation

Jakarta, IORA – Indonesian Trade Minister Enggartiasto Lukita conveyed the commitment of government and business leaders under the Indian Ocean Rim Association (IORA) to tighten the cooperation in an effort to realize their future plan together.

“History has been made. In the 20th anniversary of IORA, we agree to build a better future in this wide region,” said Minister Enggartiasto in the opening of the First IORA Business Summit 2017 in Jakarta Convention Center (3/6).

IORA–the organization with 21 member states in the rim of the Indian Ocean—represents the fast growing population and offers big potentials in terms of trade and investment. Countries in this region have been connected for centuries through trade, religious relations, and cultural exchange with the ocean as the unifier. “Unfortunately, the potential of IORA region has been neglected for too long,” said Minister Enggartiasto.

Seeing this fact, Minister Enggartiasto said IORA Business Summit discussed specific issues that become group attention. Some of the issues are the empowerment and globalization of small and medium enterprises; women empowerment through innovation; digitalization and financial access; tourism; connectivity; and infrastructure.

Furthermore, Minister Enggartiasto in his report revealed that the issues are not new. Although they may sound “old fashioned,” those are the facts that the region are dealing with these days. Globalization can walk hand in hand and strengthen one and another with the principle of improving the economic growth equally and sustainably.

This IORA Business Meeting was preceded by a small meeting attended by Chamber of Commerce representatives in IORA region. The aim is to prepare the concept of joint declaration along with IORA Business Community. This joint declaration were discussed and finalized. Furthermore, it will be reported to the leaders in IORA Summit. (Ahmed Kurnia/Bambang Purwanto/LT)