Kadin encourages trade in Indian ocean

October 20, 2015, 11.43 PM  | Reporter: Hendra Gunawan
Kadin encourages trade in Indian ocean


JAKARTA. The Indonesian Chamber of Commerce and Industry (Kadin) is encouraging the development of trade in the Indian Ocean, which is a strategic region for national and global economy.

"Kadin has recorded that the shipping traffic has grown 300 percent during the past 20 years," Kadin General Chairman Suryo Bambang Sulisto stated here on Tuesday.

Sulisto noted that about 20 percent of the global sea trade was carried out through several sea lanes passing through the Indian Ocean, which is the main sea lane and the third-largest ocean in the world.

"It is an important international trade and transportation lane," he emphasized.

He pointed out that Indonesia's total trade with member countries of the Indian Ocean Business Association stood at US$121.5 billion in 2014.

The amount accounted for 34 percent of Indonesia's total trade, and hence, the development of trade in the region will have a positive impact on Indonesian economy.

Earlier, the People's Coalition for Fishery Justice (Kiara) remarked that the global trade had yet to support Indonesia's small-scale fishermen.

"Currently, the global fishery trade has not yet benefited small-scale fishermen, particularly in developing countries," Kiara secretary general Abdul Halim stated.

Halim affirmed that the difficulties faced by small-scale fishermen in national and international fishery trade included the high production cost, lack of advanced technology, and low fish sale prices.

The other problem is the lack of certainty pertaining to the status of fishing areas and limited documentation on fish catch that could be accessed by consumers.

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Editor: Hendra Gunawan

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