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Business Forum

The Indian Ocean Rim Business Forum was set up keeping in view the growing trend towards open regionalism and increasing implementation of market friendly policies and acknowledging the importance of more liberal information trading system.  IORBF seeks to build and expand mutually beneficial economic co-operation through a consensus-based approach.  Cooperation within the frame work of IORBF are based on respect of the principles of Sovereign Equality, Territorial Integrity, Political Independence, non interference in Internal Affairs, Peaceful Coexistence and Mutual Benefits; such cooperation being consistent with bilateral and multilateral obligations of Member States.

OBJECTIVES:
The main objectives of IORBF is to:-

• Promote the welfare of the people of the participating Member States through carefully-designed programmes to improve their standards of living and quality of life;
• Promote the sustained growth and balanced development of the region and of the Member States;
• Formulate and implement programmes for Economic Cooperation including, inter-alia, Expansion of Trade, Tourism, Direct Investments Scientific and Technological Exchanges, and Human Resource Development;
• Reduce impediments and lower barriers towards freer and enhanced flow of Goods, Services, Investment and Technology within the region;
• Encourage close interaction of Trade and Industry, Academic Institutions, Scholars and the people of the Member States.

MEETINGS
The IORBF may meet together with the COM and the CSO, or as often as mutually decided. It interacts with the CSO and the Secretariat in the consideration, formulation, and implementation of the policy and work programmes of the Association. The IORBF may draw upon other non-governmental regional business networks, as necessary.