IO IORA RA Opportunitie ies: Chall llen enges: s: 1. 1. - PowerPoint PPT Presentation

IO IORA RA Opportunitie ies: Chall llen enges: s: 1. 1. Huge market (+2,5 5 Billio ion n 1. Economic diversity people ple) 2. Poverty 2. 2. 70% world d container ner traff ffic ic 3. Illegal Fishing in petrole leum um 4. Drug Smuggling 3. 3. 55% world d oil reserve rve + 5. Over Fishing 40% world d gas reserve rve 6. Human Trafficking 4. 4. 1/3 world d tuna produc uctio ion 7. Exploitation of Resources 5. 5. Accum umulat lation of mineral l 8. Security of Food 9. Cultural Differences resourc urces 2

“ To promote the sustained growth and balanced development of the region and of the Member States, and to create common ground for regional economic co-operation ” Through: trade liberalization, remove impediments and lower barriers towards a freer and enhanced flow of goods, services, investment, and technology in the IOR 3

i. Maritime Safety and Security ii. Trade and Investment Facilitation iii. Fisheries Management iv. Disaster Risk Management v. Academic and Science &Technology Cooperation vi. Tourism Promotion and Cultural Exchanges & Blue Economy + Women Empowerment

Council of Ministerial Meeting (COM) Committee of Senior Official (CSO) Working Groups :  1. Trade & Investment (WGTI) G to G  2. Indian Ocean Rim Business Forum (IORBF) B to B   3. Indian Ocean Rim Academic Group (IORAG)  4. Head of Mission (WGHM)

Participate at: Indian Ocean Rim Business Forum (IORBF) 1. IORA Trade Expo, B2B, etc 2. Economic & Business Conference (EBC) 3. Flagship projects: IORA Business Travel Card (in process) 1. IORA Comprehensive economic Partnership 2. Agreement-ICEPA (under consideration) Regional Projects 3.

 IORA Business Forum, Jakarta 13 October 2016  Trade Expo and B2B, Jakarta, 12 – 16 October 2016  The First IORA Summit, 6 March 2017

 Main Objective: “ To To fac acilitate itate incr crea eased sed inter eraction action an and free ee movem ement ent of private te sect ctor ors s in Indian an Oc Ocean region ” To explore new business opportunity To promote intra trade & investment among Member States To streamline business To conduct trade and investment visitor entry to activities IORA Member States to attend trade promotion meetings To develop business tourism, culture, etc

Source: UN Comtrade database and JRI 10 analysis

Objectives:  To expand intra-trade and Investment among MS in the IORA region  To create a greater Market Access in IORA IOR ORA Summit mit Member States 7 March 7 M ch 20 2017 17  Promoting Industrialization in IORA  Create regional value chain  Freer flow of goods, services, investments, and People movement

Thank you 13