With the pace of globalization, we must ensure that our position in the global supply chain is appropriate to achieve economic benefits
Jakarta (ANTARA) - The promotion of trade and investment is an important part of efforts to accelerate economic recovery, thus countries in the Pacific region need to work together more closely.



Deputy Minister of Foreign Affairs Mahendra Siregar made the statement at the closing press conference of the 2021 Pacific Exposition, which was accessed from Jakarta on Saturday.



"With the pace of globalization, we must ensure that our position in the global supply chain is appropriate to achieve economic benefits," he said.



The four-day Pacific Exposition 2021 was held to promote trade cooperation between countries in the Pacific region. It featured several business matching and discussion forums.

Related news: Indonesia optimistic of higher transactions during Pacific Exposition

The event generated a number of potential business transactions, racking up to US$104 million (approximately Rp 1.48 trillion) through business-oriented activities, he noted.



Siregar said that aside from economic recovery, the countries' involvement in the joint economy also serves as a basis for climate change, environmental sustainability, and disaster mitigation.



He also stressed the importance of sustainable development supported by technology.

Related news: RI gears up to drive economic recovery through Pacific Exposition



“Technology has an important part in supporting the development of a blue and green economy so that it can be done by each island nation in the Pacific. This can be achieved by strengthening collaboration in technical cooperation and capacity building,” he said.



He further said he believed that all stakeholders must use the established platform to strengthen engagement with all those in the Indo-Pacific region and beyond.



"For Indonesia itself, we are committed to bringing the situation in the Pacific to the world's attention, including through our Presidency of the G20 in 2022, the chairmanship of ASEAN in 2023, and our role in various regional and international forums," the deputy minister added.


Related news: Minister details cooperation opportunities with Pacific countries

Related news: Military, police regain control of Bilogai after rebels' occupation





Translator: Aria Cindyara, Mecca Yumna
Editor: Fardah Assegaf
Copyright © ANTARA 2021