Home / Special Report/ “Indian Ocean a vital component in Sri Lanka’s national economic development policies”

“Indian Ocean a vital component in Sri Lanka’s national economic development policies”


Comments / {{hitsCtrl.values.hits}} Views / Tuesday, 5 September 2017 00:00


 

Following is the address by Minister of Foreign Affairs Tilak Marapana at the Indian Ocean Conference 2017

 

 

Excellencies, distinguished guests, ladies and gentlemen, the Indian Ocean has historically been a powerful communication channel for the spread of culture, global trade and commerce. Today, the Indian Ocean’s traditional status as a major source of livelihood is more valid than ever before, as it remains an important international trade highway.

It is in this context that the 2nd Indian Ocean Conference assumes significance. Identifying common challenges and finding amicable solutions will help us, as a community of nations to grow, prosper and secure our future together. Sri Lanka stands ready to do whatever is necessary towards achieving peace, progress and prosperity in the Indian Ocean region. 

As an island nation, ocean affairs is of vital significance to Sri Lanka. We have for many years participated prominently in many international and regional initiatives related to ocean affairs. More significantly, we were closely involved from the outset with the Third United Nations Conference on the Law of the Sea at which a new legal regime for the oceans was developed. 

The situation in the world, particularly in the Indian Ocean, has undergone a major transformation since that time. The end of Cold War, and the shift towards globalisation, benefitted the region’s economic thrust. However, several new challenges and threats to regional stability and security have emerged such as cross border issues, terrorism, piracy, drug trafficking, and environmental catastrophe. These challenges require the development of a common approach and commitment, by those who are present in the region. 

Our economies rely on the free and secure passage of maritime trade through the region. Therefore, we have a fundamental interest in fostering peace and security and ensuring a safe maritime domain for all. An Indian Ocean rules-based order that respects the rights of all states to the freedom of navigation and over-flight, and ensures unimpeded lawful maritime commerce, in line with international laws and regulations, is essential for peace and prosperity in our region and beyond. A stable and secure ocean order will not only build confidence and predictability among its users but also assist in combating maritime crime and ensuring the safety and security of our sea lanes of communication. 

Sri Lanka’s national economic development policies have incorporated the Indian Ocean as a vital component in its development plan. The Blue-Green development strategy, outlined by President Sirisena, places the sustainable utilisation of ocean resources at its centre. Our aim is to reap the benefits of Blue Economy by adopting environmentally-friendly green development policies. 

Distinguished guests, ladies and gentlemen, we attach great importance to maritime connectivity. We need to start linking up maritime expertise across the board in the Indian Ocean Region. Our future depends on sharing this wealth of experience and knowledge that will lead to a collective success story. 

The challenge that confronts us is to find a structure on how to sustain and promote peace, progress and prosperity in the Indian Ocean region. 

Towards this end, I believe that: 

Our economic drive should be matched by a commitment to protecting our environment particularly our oceans, and to manage ocean resources in a sustainable manner in order to ensure healthier oceans and a more prosperous society.

Our political goals need to be matched by mutual respect and a strong determination to adhere to the laws and rules based systems that govern the seas.  

Let us take home a commitment to direct our energy towards a sustainable ocean economy, together with better ocean protection as well as for maintaining peace in our oceans. 

I thank you all.


Share This Article


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS

Today's Columnists

Annuity-based PPP can expedite infrastructure developments

Tuesday, 22 May 2018

Sri Lanka has primarily relied on public finance for the development of public goods and infrastructure. While running


Is there value in surveillance? Ask the Chinese

Tuesday, 22 May 2018

Global commentary would suggest that surveillance (whether offline or online) casts a shadow on personal freedoms and any conversation that involves such spy games quite quickly descends into a 1984-esque discussion about dystopian futures. However,


Mangala’s Gam Peraliya: Good move but essential requirement a village level database

Monday, 21 May 2018

Finance Minister Mangala Samaraweera, announcing the Government’s decision to move for a flexible fuel price system based on international prices built into a pricing formula, made a side announcement as well.


New mandate to navigate ‘Nation’s management mentor’

Monday, 21 May 2018

I was delighted to be reappointed by the University Grants Commission (UGC) as the Director of the Postgraduate Institute of Management (PIM) for the second term of three years.


Columnists More