"The AIS Forum can be a place to share knowledge and to look for smart and creative solutions that can be used by others," Panjaitan said here on Thursday.
The minister expected the forum to encourage business involvement and create innovative solutions to fund climate change projects as well as achieve sustainable development goals.
The Manado declaration includes action on climate change mitigation and adaptation, blue economy, sustainable marine resources, and innovative financing mechanisms.
The AIS Forum was initiated by the Coordinating Ministry of Maritime Affairs together with the United Nations Development Program (UNDP).
AIS is a platform for member countries to engage and collaborate with all stakeholders, civil society, and academics.
The minister stated that archipelagic and island countries have optimism and innovation to solve various problems effectively.
As the largest archipelago in the world, Indonesia takes the role of leading and establishing new financing mechanisms to support climate change initiatives and development projects in member countries.
Under the Manado Declaration, AIS members have agreed to strengthen cooperation on climate change mitigation and disaster management.
"AIS members also agree to work together to face economic challenges and opportunities, plastic waste management, and maritime governance," he remarked.
Reporting by Karel Alexander
Editing by Azis Kurmala