IN THIS ARTICLE IOR- ARC
Objectives
Indian Ocean Rim-Association for Regional Cooperation (IOR- ARC):
* The Indian Ocean Rim-Association for Regional Cooperation (IOR- ARC),initially known as the Indian
Ocean Rim Initiative, is an international organization with 19 member states.
* It was first established in Mauritius on March 1995 and formally launched on 6–7 March 1997.
* The Association disseminates information on trade and inv
Objectives:
1. To promote sustainable growth and balanced development of the region and Member States.
2. To focus on those areas of economic cooperation
3. To promote liberalisation.
* Recent Meeting of the Council of Ministers of the Indian Ocean Rim Association of Regional Countries (IOR-ARC) was Bengaluru on November 15.
* India, South Africa, Singapore, the UAE, Oman, Iran and Australia are among the 19 countries that are members of the Association which also has five others countries including China, Japan, France and the UK as dialogue partners.
> In recent summit it was discussed that setting up a joint task force to identify and address various non-tariff barriers affecting regional trade in the food processing industry.
> In addition,pharmaceuticals and traditional medicines are seen as a sector for co-operation as several countries have developed highly competitive generic drug industries that are able to provide affordable medicines.
Objectives
Indian Ocean Rim-Association for Regional Cooperation (IOR- ARC):
* The Indian Ocean Rim-Association for Regional Cooperation (IOR- ARC),initially known as the Indian
Ocean Rim Initiative, is an international organization with 19 member states.
* It was first established in Mauritius on March 1995 and formally launched on 6–7 March 1997.
* The Association disseminates information on trade and inv
estment regimes, with a view to helping the region's business.
*Seychelles joined in March 1999 but withdrew in July 2003. Seychelles re-joined November 2011 as the 19th member.
*Seychelles joined in March 1999 but withdrew in July 2003. Seychelles re-joined November 2011 as the 19th member.
Objectives:
1. To promote sustainable growth and balanced development of the region and Member States.
2. To focus on those areas of economic cooperation
3. To promote liberalisation.
* Recent Meeting of the Council of Ministers of the Indian Ocean Rim Association of Regional Countries (IOR-ARC) was Bengaluru on November 15.
* India, South Africa, Singapore, the UAE, Oman, Iran and Australia are among the 19 countries that are members of the Association which also has five others countries including China, Japan, France and the UK as dialogue partners.
> In recent summit it was discussed that setting up a joint task force to identify and address various non-tariff barriers affecting regional trade in the food processing industry.
> In addition,pharmaceuticals and traditional medicines are seen as a sector for co-operation as several countries have developed highly competitive generic drug industries that are able to provide affordable medicines.
[http://www.thehindu.com/news/national/india-for-strong-maritime-security-in-indian-ocean-region/article4057934.ece]
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