First Indian Ocean Rim Association Summit

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Search 7th March 2017 http://www.newsonair.com/Main_Audio_Bulletins_Search.aspx

TOPIC: General Studies 2

The First IORA summit was held in Jakarta, Indonesia in 2017.

About IORA:

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 a regional forum, tripartite in nature, bringing together representatives of Government, Business and Academia, for promoting co-operation and closer interaction among them.
It has got 21 member states, including Australia, Bangladesh, Comoros, India, Indonesia, Iran, Kenya, Madagascar, Malaysia, Mauritius, Mozambique, Oman, Seychelles, Singapore, Somalia, South Africa, Sri Lanka, Tanzania, Thailand, UAE, and Yemen. It is thus a very diverse group consisting of members from Africa to South East Asia.
It is based on the principles of Open Regionalism for strengthening Economic Cooperation as well as Social Development of the region.

It was in 2011 that it got lot of momentum when the name was changed to IORA.

Objectives of IORA:

  1. To promote sustainable growth and balanced development of the region and member states
  2. To focus on those areas of economic cooperation which provide maximum opportunities for development, shared interest and mutual benefits
  3. To promote liberalisation, remove impediments and lower barriers towards a freer and enhanced flow of goods, services, investment, and technology within the Indian Ocean rim.

Areas of Cooperation

Six  Priority Areas

1) Maritime safety and security:

2) Disaster Reduction & Management:

3) Trade and Investment:

4) Fisheries Management:

5) S&T-Academic Cooperation:

6) Tourism:

Jakarta Summit:

The theme of the summit was “Strengthening Maritime Cooperation for a Peaceful, Stable and Prosperous Indian Ocean.”

Importance of the summit:

2017 is the 20th year of formation of this group which is very important landmark. Till now the emphasis was more on economic integration and economic collaboration. Since the whole global scenario is changing the emphasis could shift more to security areas. The IORA needs momentum and the summit provided that momentum.

Key takeaways:

Challenges ahead:

Security aspect:

Issue of piracy:

Pakistan’s presence:

China’s presence in Indian Ocean

The way some of the coastal countries have embraced MSR is dangerous as In Sri Lanka for Hambantota port China gave $1billion as loan but there was no revenue generated, so Sri Lankan government has given the port to china on lease. It could be Chinese way of colonising small countries by first investing in them and then trying to get control over the port and inland facilities when those countries are unable to pay back.

It is important that the countries who have embraced maritime silk route must understand what is likely to happen. They must be made aware of the fact that it is China who will be benefitted. We cannot expect that countries like Maldives and Sri Lanka will be exporting anything to China, it will only be Chinese goods and using these ports to connect to Europe and Africa.

Further it must be kept in mind that China does not adhere to the United Nations Convention on the Law of the Sea (UNCLOS).

Conclusion

The time has come to raise the bar on this particular organisation.

Key Terms:

Blue Economy: The blue economy encompasses in it- the “green economy” with focus on the environment and the “ocean economy” or “coastal economy”— with its emphasis on complementarities among coastal and island states for sustenance and sustainable development
It can be defined as “Marine-based economic development that leads to improved human wellbeing and social equity, while significantly reducing environmental risks and ecological scarcities

Connecting the dots:

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