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Indian Ocean Rim Association (IORA)
Context
As India prepares to assume chairmanship of Indian Ocean Rim Association (IORA) in November 2025, it aims to enhance funding, technology integration, and maritime education.
About IORA
- Established in: 1997
- The Indian Ocean Rim Association (IORA) is a key regional organization that fosters economic cooperation and security among countries in Asia, Africa, and Australia.
- As India prepares to assume chairmanship in November 2025, it aims to enhance funding, technology integration, and maritime education.
- Members: 23 members and 10 dialogue partners.
- Member countries: Australia, Bangladesh, Comoros, India, Indonesia, Iran, Kenya, Madagascar, Malaysia, Maldives, Mauritius, Mozambique, Oman, Seychelles, Singapore, Somalia, South Africa, Sri Lanka, Tanzania, Thailand, UAE, and Yemen.
- Newest country member: France first joined IORA as a “Dialogue Partner” in 2001, before becoming a formal Member State on 17 December 2020 (with effect from 1 January 2021).
- Dialogue partners: 11 dialogue partners: China, Egypt, Germany, Italy, Japan, Saudi Arabia, South Korea, Russia, Turkey, US and UK.
- Headquarters: Its Secretariat is based in Cyber City, Ebène, Mauritius.
- Strategic Importance of the Indian Ocean RegioN
- Critical Trade Route: Facilitates 75% of global trade and 50% of daily oil consumption.
- Economic Significance: Produces USD 1 trillion in goods and services; intra-IORA trade reached USD 800 billion in 2023.
- Security Challenges: Faces issues like piracy, terrorism, trafficking, and climate-related disasters.
- Development Gaps: Many member states struggle with economic limitations, political instability, and environmental degradation.
PYQQ. With reference to ‘Indian Ocean Rim Association for Regional Cooperation (IOR-ARC), consider the following statements: (2015)
Which of the statements given above is/ are correct?
Solution: (d) |
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