Indian Ocean Rim Association For Regional Co-Operation (IOR-ARC)
The Indian Ocean Rim Association (IORA) (also known as the Indian Ocean Rim Association for Regional Co-operation) is an international organization of countries that has coast line with the Indian Ocean. At present IOR-ARC has 20 member states and 6 countries are recognized as the dialogue partner. It was first established as Indian Ocean Rim Initiative in Mauritius on March 1995.
The objectives of IOR-ARC are as follows:
- 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 liberalization, remove impediments and lower barriers towards a freer and enhanced flow of goods, services, investment, and technology within the Indian Ocean rim.
In 2011, six priority areas of cooperation were identified. These are:
- Maritime Safety and Security
- Trade and Investment Facilitation
- Fisheries Management
- Disaster Risk Management
- Academic and Science & Technology Cooperation
- Tourism and Cultural Exchanges.
The member states of IOR-ARC are:
- South Africa
- Sri Lanka
- United Arab Emirates
The dialogue partners recognized by the IOR-ARC are: