The Indian Ocean Rim Association (IORA) is an international body comprising of the coastal countries that border the Indian Ocean. This organisation was previously named the Indian Ocean Rim Initiative. It was also called the Indian Ocean Rim Association for Regional Cooperation or the IOR-ARC for short. It is a regional tripartite forum that gathers government representatives, academia and business leaders for encouraging cooperation and greater interaction between them. The organisation is founded upon the values of open regionalism for boosting economic cooperation especially on the realms of trade facilitation, investment, the region’s social development and promotion. Currently, it has 21 member states. The IORA was formed in March 1997. Its coordinating secretariat is in Mauritius. Its Secretary General is K V Bhagirath. The idea for the IORA was formed by India and South Africa.