Jakarta (ANTARA) - The government and the Indonesian Chamber of Commerce and Industry (Kadin) have strengthened their trade cooperation through the Indo-Pacific Chamber of Commerce and Industry (IPCC) business forum.

Coordinating Minister for Economic Affairs Airlangga Hartarto stated here on Tuesday that the Indo-Pacific region promotes global economic growth.

Hence, the IPCC business forum was expected to provide feasible ideas to strengthen the Indo-Pacific as a key region for trade and investment, he said.

"The Indonesian government is also committed to achieving inclusive and sustainable growth in the Indo-Pacific and ASEAN regions," Hartarto remarked.

The 2023 IPCC business forum, held on March 18 in Nusa Dua, Bali, was a side event of the Indo-Pacific Economic Framework (IPEF).

The forum brought together businesspersons, associations, government officials, and stakeholders from various countries to discuss the Indo-Pacific as an economic growth center.

The IPCC discussed opportunities and challenges in forming a new framework for economic engagement in the region, especially in the digitalization, supply chain, and clean energy sectors.

Kadin Chairman Arsjad Rasjid remarked that several countries are struggling to create strategies for Indo-Pacific partnerships and bilateral, regional, and multilateral initiatives without the involvement of the private sector.

He stated that the IPEF requires concrete economic partnerships and more consistent substance development to provide more tangible benefits for countries in the Indo-Pacific region.

However, due to IPEF's brief working period, the private sector plays a crucial role in maintaining the sustainability and long-term impact of IPEF.

Rasjid affirmed that the IPEF is driving several vital missions that align with the 2023 ASEAN Chairmanship's theme of "ASEAN Centrality: Innovating Toward Greater Inclusivity."

This year, Kadin serves as chair of the ASEAN Business Advisory Council (ASEAN-BAC), with participating members having a common focus on digitalization, supply chain resilience, and clean energy transition.

Rasjid said that ASEAN's enhanced involvement in the Indo-Pacific can advance its role in shaping the global economic architecture.

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Translator: Subagyo, Kenzu
Editor: Anton Santoso
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