London, UK (Antara Bali) - Indonesian Ambassador to the United Arab
Emirates (UAE) Husin Bagis said investment for Small-Medium Enterprises'
(SMEs') innovation is important to achieve sustainable development at
the national, regional, and global level, noted a press release.
The statement issued by the Consulate General of the Republic of
Indonesia in Dubai was received by Antara here, Friday.
Indonesia is committed to supporting the development of SMEs in the
Indian Ocean region through the development of a Business Innovation
Center in the region, the ambassador stated at the Second Ministerial
Economic and Business Conference (EBC II) of The Indian Ocean Rim
Association (IORA).
The conference themed "Small and
Medium Enterprises and Innovation: Investing in a Sustainable Future"
was held in Dubai, UAE, on April 11-13, 2016, and was attended by 14
IORA member countries.
Ambassador Husin, representing
Indonesia as chairman of the IORA for 2015-2017, stated that the IORA
Concord will strengthen the structure of the region and offer new
impetus to the joint efforts to boost the global economy.
The IORA Concord is a document to be adopted as a code of conduct and
good governance to face new challenges in the Indian Ocean region.
Meanwhile, the UAE Economy Minister Sultan Bin Saeed Al Mansoori
affirmed that reinforcement structure can be implemented in the region
by improving economic cooperation in the form of a Free Trade Agreement
to promote trade and investment among IORA member countries.
According to the minister, UAE has offered cooperation in the form of a
public-private partnership in seven sectors reserved for SMEs to
encourage innovation, including in the fields of renewable energy,
transportation, education, health, technology, and water resources.
The ministers of IORA member countries agreed to pay special attention
to SMEs in the Indian Ocean region to establish cooperation in several
areas such as access to funding, capacity building through training and
workshops, transfer of technology, simplification of the licensing
process, development of networks among SMEs, and increase in investment
for SMEs. (WDY)
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