|Consider the following statements regarding Indian Ocean Rim Association for Regional Cooperation (IOR-ARC).|
|1. IOR-ARC seeks to build and expand understanding and mutually beneficial cooperation through consensus based, evolutionary and non-intrusive approach.|
|2. Membership is open to all sovereign states of the Indian Ocean Rim willing to subscribe to the principles and objectives of the Charter.|
|3. Secretariat of the Indian Ocean Rim Association for Regional Cooperation (IOR-ARC) is based in|
|Bloc, New Delhi.|
|4. It has got 20 members including China', Japan and France.|
|Which of the statements given above are correct?|
A) 1 and 2
B) 1, 2 and 3
C) 1 and 4
D) All of these
Correct Answer: A
Solution :[a] IOR-ARC has 20 members Australia, Bangladesh, Comoros, India, Indonesia, Seychelles, Iran, Kenya, Madagascar, Malaysia, Mauritius, Mozambique, Oman, Singapore, South Africa, Sri Lanka, Tanzania, Thailand, United Arab Emirates and Yemen, However, China, Japan, France, Egypt, UK, USA are just dialogue partners, but not full members. Further Indian Ocean Research Group (IORG) and UOTO carry an observer status. Secretariat of the Indian Ocean Rim Association for Regional Cooperation (IOR-ARC) is based in Ebene Cyber City Mauritius. The association disseminates information on trade and investment regimes, with a view to helping the region's business community better understand the impediments to trade and investment within the region. These information exchanges have been intended to serve as a base to expand intra-regional trade. The objectives of IOR-ARC are as follow To promote sustainable growth and balanced development of the region and member states. To focus on those areas of economic cooperation, which provide maximum opportunities for development, shared interest and mutual benefits. 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.
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