IORARC
is Indian Ocean Rim Association for Regional Cooperation (IORARC) is an
association of 20 member countries. The group came into being in March 1995 in
Mauritius. Through it pass some of the most important energy transport routes
from Middle-East to South-East and East Asian, and securing these routes has
become a global priority.
Who
are the 20 members?
The
IORARC, which is the only pan-Indian ocean grouping, has 20 members namely,
Australia, Bangladesh, Comoros, India, Indonesia, Iran, Kenya, Malaysia,
Madagascar, Mauritius, Mozambique, Oman, Seychelles, Singapore, South Africa,
Sri Lanka, Tanzania, The UAE, and Yemen.
And
there are six dialogue partners, namely China, Egypt, France, Japan, Britain
and US, and two observers, namely The Indian Ocean Research Group and Indian
Ocean Tourism Organisation.
Objectives
of IORARC:
- To promote sustainable growth and balanced development of the region and Member States
- To focus on those areas of economic cooperation which provide maximum opportunities for development, shared interest and mutual benefits
- To promote leberalisation, remove impediments and lower barriers towards a freer and enhanced flow of goods, services, investment and technology within the Indian Ocean Rim.
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