Indian Ocean Rim Association :
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IOR-ARC, a regional cooperation initiative of the Indian Ocean Rim countries, was established in Mauritius in March 1997 with the aim of promoting economic and technical cooperation.
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IOR-ARC is the only pan-Indian ocean grouping. It brings together countries from three continents having different sizes, economic strengths, and a wide diversity of languages, cultures.
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It aims to create a platform for trade, socio-economic and cultural cooperation in the Indian Ocean rim area, which constitutes a population of about two billion people.
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The Indian Ocean Rim is rich in strategic and precious minerals, metals and other natural resources, marine resources and energy, all of which can be sourced from Exclusive Economic Zones (EEZ), continental shelves and the deep seabed.
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Presently it has 19 members- Australia, Bangladesh, India, Indonesia, Iran, Kenya, Malaysia, Madagascar, Mauritius, Mozambique, Oman, Seychelles, Singapore, South Africa, Sri Lanka, Tanzania, Thailand, UAE and Yemen.
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There are five Dialogue Partners namely China, Egypt, France, Japan and UK and two Observers namely, Indian Ocean Research Group (IORG) and Indian Ocean Tourism Organisation (IOTO), Oman.
Objective :
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To promote the sustained growth and balanced development of the region and of the Member States, and to create common ground for regional economic cooperation.
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To focus on those areas of economic co-operation which provide maximum opportunities to develop shared interests and reap mutual benefits.
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To explore all possibilities and avenues for trade liberalisation, to remove impediments to, and lower barriers towards, freer and enhanced flow of goods, services, investment, and technology within the region.
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To encourage close interaction of trade and industry, academic institutions, scholars and the peoples of the Member States without any discrimination among Member States and without prejudice to obligations under other regional economic and trade co-operation arrangements.
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To strengthen cooperation and dialogue among Member States in international fora on global economic issues, and where desirable to develop shared strategies and take common positions in international fora on issues of mutual interest; and
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To promote cooperation in the development of human resources, particularly through closer linkages among training institutions, universities and other specialised institutions of the Member States.
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