TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

INSIGHT: Indonesia's leadership aims for peaceful, stable, prosperous Indian Ocean

For Indonesia, the Indian Ocean is very promising for national development. In 2016, trade between Indonesia and IORA member states reached US$89.8 billion. 

Retno LP Marsudi (The Jakarta Post)
Premium
Jakarta
Mon, March 6, 2017

Share This Article

Change Size

INSIGHT: Indonesia's leadership aims for peaceful, stable, prosperous Indian Ocean Logo of the Indian Ocean Rim Association (IORA) (Courtesy of/bdnews24.com)

F

or the first time in its 20year history, the Indian Ocean Rim Association (IORA) will organize a Leaders’ Summit on March 7, themed “Strengthening Maritime Cooperation for a Peaceful, Stable and Prosperous Indian Ocean.”

As the chair of IORA for 2015-2017, Indonesia will host the summit and assemble the leaders of its 21 members and seven dialogue partners for the proposed theme. The IORA Leaders’ Summit is of great relevance to national, regional and global interests. Indonesia’s leadership among the Indian Ocean littoral states in IORA therefore matters.

The area surrounding the Indian Ocean are home to approximately 2.7 billion people. It is an immense, rich and highly diverse region. It is the main shipping lane for 70 percent of the world’s oil and natural gas as well as the source of one-third of fish caught worldwide.

The ocean’s ports handle 30 percent of global trade. Around 100,000 ships traverse the Indian Ocean, carrying two-thirds of the world’s oil trade, one-third of the world’s cargo, and half of the world’s container ships. The statistics demonstrate that the notion of the Indian Ocean as the sea of the future is no exaggeration.

For Indonesia, the Indian Ocean is very promising for national development. In 2016, trade between Indonesia and IORA member states reached US$89.8 billion. Indonesia’s main export commodities are vegetable oil, textiles, tires and chemical products.

In the same year, IORA member states realized a number of investment projects in Indonesia, amounting to $11.67 billion, 40 percent of total foreign investment. In 2014, the number of visitors from IORA member countries traveling to Indonesia contributed to half of the country’s total tourist arrivals.

Simultaneously, the region is also home to an enduring myriad of emerging challenges, such as latent maritime disputes; piracy; illegal, unreported and unregulated fishing; human and illicit drug trafficking; extreme weather events; and mounting environmental pressures on coastal and marine resources.

to Read Full Story

  • Unlimited access to our web and app content
  • e-Post daily digital newspaper
  • No advertisements, no interruptions
  • Privileged access to our events and programs
  • Subscription to our newsletters
or

Purchase access to this article for

We accept

TJP - Visa
TJP - Mastercard
TJP - GoPay

Redirecting you to payment page

Pay per article

INSIGHT: Indonesia's leadership aims for peaceful, stable, prosperous Indian Ocean

Rp 29,000 / article

1
Create your free account
By proceeding, you consent to the revised Terms of Use, and Privacy Policy.
Already have an account?

2
  • Palmerat Barat No. 142-143
  • Central Jakarta
  • DKI Jakarta
  • Indonesia
  • 10270
  • +6283816779933
2
Total Rp 29,000
{

Your Opinion Matters

Share your experiences, suggestions, and any issues you've encountered on The Jakarta Post. We're here to listen.

Enter at least 30 characters
0 / 30

Thank You

Thank you for sharing your thoughts. We appreciate your feedback.