Ocean Rim Association for Regional Cooperation (IORARC)

Also available in: Negocios Asia IOARC Affaires Asie IOARC   Negocios Asia

Course summary Ocean Rim Association for Regional Cooperation (IORARC):

The Indian Ocean Rim-Association for Regional Cooperation (IOR-ARC), initially known as the Indian Ocean Rim Initiative, is an international organization with 18 member states.

The countries of the Indian Ocean rim are home to more than 2.6 billion people, almost 40 per cent of the world's population. The Indian Ocean is the world’s third largest Ocean. It carries half of the world’s container ships, one third of the bulk cargo traffic, two-thirds of the world’s oil shipments. It is a lifeline of international trade and economy.

The Indian Ocean Rim-Association for Regional Cooperation (IOR-ARC) was inaugurated in Mauritius on 6-7 March 1997, at its First Ministerial Meeting of the IOR-ARC. The IOR-ARC is firmly based on the principle of open regionalism, as encouraged by the WTO.

Example of the course Ocean Rim Association for Regional Cooperation (IORARC):

Members of the Indian Ocean Rim Association for Regional Cooperation (IORARC) comprising Australia, Bangladesh, India, Indonesia, Iran, Kenya, Madagascar, Malaysia, Mauritius, Mozambique, Oman, Singapore, South Africa, Sri Lanka, Tanzania, Thailand, United Arab Emirates and Yemen.

Dialog partners: China, Egypt, France, Japan and United Kingdom. Turkey has applied for dialogue partner status.

The main focus of the IOR-ARC is on economic co-operation and particularly on trade and investment. It is primarily an outward looking forum for economic dialogue and co-operation. Cooperation under the framework of IOR-ARC was developed on three major pillar which is:
- IOR-Academic Group (IORAG) for academic forum ,
- IOR-Business Forum (IOR-BF)
- Working Group on Trade (import export) and Investment (WGTI)

Topic: Globalization and regionalization