Addressing the second IORA Ministerial Blue Economy Conference in Jakarta, Minister of State for External Affairs MJ Akbar has said the Indian Ocean should be made a central space in the geo-economics of the 21st century.
The Minister said, “We meet to give the Indian Ocean a modern purpose, to make it a central space in the geo-economics of the 21st century.”
He added, “Today’s sustained economic growth across the Indian Ocean is proof that the world’s economic engines are purring to a new tune in the 21st century.”
Criticizing attempts at exercising hegemony by some countries Akbar said, “We who live on the Blue Planet have long understood that oceans thrive when they are shared space, and wither when anyone attempts to exercise hegemony.”
He emphasized, “Security is best protected by the rule of law, and we must all honour the international laws that govern maritime behavior, in both letter and spirit. No one can be above the law.”
Condemning terrorism and supporters of terrorism he said, “There is of course always the enormous threat from the outlaw – those who use terrorism to spread havoc. All of us share the belief that there is no good terrorism or bad terrorism; this is an unmitigated evil.”
He welcomed the ‘Declaration on Preventing and Countering Terrorism and Violent Extremism’, which identified terrorism as a common menace and reiterated the common resolve to fight this menace.
The Minister said financing of Blue Economy initiatives will require inter-governmental cooperation within each of the member states, augmented by international co-operation, in technology transfer, capacity building or sharing of assets.
The Second IORA Ministerial Blue Economy Conference (BEC-II) was held on May 08-10 in Jakarta, Indonesia.