Minister Sik Yuen participates in the Indian Ocean Economic Conclave

The Indian Ocean must not remain merely a corridor through which global trade passes, it must become a space where countries of this region actively shape the conditions under which that trade takes place.

The Minister of Commerce and Consumer Protection, Mr Michael Sik Yuen, made this statement yesterday, during his intervention at the Indian Ocean Economic Conclave held in the margins of the Indian Ocean Conference 2026, at Balaclava.

In his address, the Commerce Minister highlighted how the current geopolitical landscape has transformed supply chains into strategic assets, making logistics and maritime stability inseparable from economic resilience. He expressed concern regarding the impact of these global tensions on small, import-dependent economies like Mauritius, noting immediate pressures on energy security, food availability, and the cost of living.

Minister Sik Yuen emphasised the Indian Ocean's critical role in global trade and energy security, serving as a strategic lifeline for the East and West. Noting its importance as a stable demand base for essential commodities, energy and food, he urged regional nations to adopt a unified stance, enabling collective negotiation and crisis response within global trade systems.

‘Our challenges—from maritime security to food and energy resilience—are interconnected, and our response must be too,’ he underpinned, calling for deeper dialogue on logistics and strategic procurement, calling for more structured engagement with global shipping operators to bolster collective resilience.

Within this economic conclave, we collectively need to ensure the strengthening of regional shipping links, improving logistical integration and facilitating trade within the Indian ocean space and consider increased investment in port connectivity and supply chain infrastructure, he said.

The Minister concluded by framing the collective stewardship of the Indian Ocean as an economic necessity, reaffirming Mauritius’ dedication to a region where trade serves as a tool for development, markets remain fair, and shared prosperity benefits every consumer."

12 April 2026

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Topics: Bilateral cooperation