To formulate and implement projects for economic co-operation
relating to trade facilitation, promotion and liberalisation;
promotion of foreign investment, scientific and technological
exchanges, and tourism, movement of natural persons and service
providers on a non-discriminatory basis; and development of
infrastructure and human resources, as laid down in the Work
Programme of the Association. (Art. 3.2 of IORA Charter)
1. ENHANCEMENT of Trade, Investment, Finance and ENERGY
COOPERATION within the Region
Sectoral approach in Investment, Trade and Finance;Cooperation and
Investment in Energy Security and support for joint action on
fossil, and renewable sources of energy;
- Facilitate the evolvement of a
Clearing Payment Arrangement (CPA) for IORA including the issue of
joining the Asian Clearing Union (ACU);
- Finalisation and implementation of a framework for a
Preferential Trade Arrangement (PTA) by 2012;
- Linking existing agencies and
institutions of: Export Promotion Boards, Overseas Marketing
Organisations, Tourism Promotion Boards, Research Bodies, Export
Credit Banks and the like that normally deal with capacity building
in trade and infrastructure development mechanism in Member States.
It would be vital for these institutions to be brought into the
Association through linkages and networking; and, Support for the
establishment of a Shipper's Council.
2. EDUCATION, CULTURE AND
Support the setting up and the operationalisation of a Regional
Centre on Science and Transfer of Technology; Fortify the
activities of the UMIOR including active student/staff exchange
programmes; Support capacity building in the area of Science and
Technology for academics and researchers; and, Support Cultural
Cooperation among Member States.
3. ENHANCING COOPERATION ON
Enhancing cooperation in the Fisheries Support Unit (FSU).
4. PROMOTION OF
Participation in Regional Trade and Tourism
Exhibitions;Infrastructure Investments in tourism related projects;
and, Support the existing Feasibility Study on Tourism.
5. DISASTER MANAGEMENT AND
Carry out Study on the Sources of Pollution, Distribution
Mechanisms and their impact on the Coastal Ecosystems including the
Marine Environment of the Indian Ocean; Modelling of effect of
Tsunami in the Gulf of Oman; and, Support the efforts of
Member States on Avian Flu.
6. INFORMATION AND
COMMUNICATION TECHNOLOGY (ICT)
Optimisation of the www.iorarc.org website as a tool for sharing
economic information including updating of information on web links
of Customs and Quarantine Standards; and,Assist in the early
completion of Compendia on Customs and Quarantine and
Besides the above priority sectors, provision was also kept to add
new areas bearing focus on the Indian Ocean which would be unique
to this Association and have a higher bearing on Member States thus
adding value to regional cooperation within IORA. The new
areas could be added to the priority areas, subject to adoption by
the Council of Ministers.
The Sub-Committee stressed on the need of the following to ensure
proper implementation of the projects:
- Strengthening of the National Focal Points as the implementing
- A regional level project-based facilitator role for the Heads
of Missions in Pretoria to expedite the completion of
- Setting up of sectoral working groups after finalization of
priority areas; and,
- Half yearly meetings at the level of Senior / Technical
officials of Member States.
The prime responsibility for financing any project of IORA is with
the participating Member States;Resources of the IOR-ARC Special
Fund may be approached as a complementary mechanism; and, The
financial and technical assistance of Dialogue Partner States, and
other National, Regional, International and Donor Organizations may
also be mobilised.