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Question

Q100. The Indian Ocean Rim Association (IORA) aims towards:

1. Social development of Indian Ocean rim region.

2. Enhancing security and protection from piracy.

3. Trade facilitation.

Select the correct answer using the codes given below.


A

(a) Only 1 and 2

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B

(b) Only 1 and 3

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C

(c) Only 2 and 3

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D

(d) All of the above

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Solution

The correct option is D

(d) All of the above


The Indian Ocean Rim Association (IORA), formerly known as the Indian Ocean Rim Initiative and Indian Ocean Rim Association for Regional Cooperation (IOR-ARC), is an international organization consisting of coastal states bordering the Indian Ocean. All the above are priority areas for the IORA. Maritime Safety and Security is a key area for IORA, as it is the Indian Ocean which binds the Member States and is the lifeline for trade that is vital for the economic development of the region. To promote the sustained growth and balanced development of the region and of the Member States, and to create common ground for regional economic co-operation. Trade and investment is an area which directly impacts on job creation, poverty alleviation and economic development and falls within the objective of the Association which is to promote sustainable and balanced economic growth of the region.


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