With reference to ‘Indian Ocean Rim Association for Regional Cooperation (IOR-ARC)’, consider the following statements:
- It was established very recently in response to incidents of piracy and accidents of oil spills
- It is an alliance meant for maritime security only
Which of the following statements given above is/are correct?
Correct Answer: Option D
The Indian Ocean Rim Association (IORA), initially known as the Indian Ocean Rim Initiative, was established in Mauritius in March 1995 and formally launched on March 6-7, 1997.
It is an international organization comprising coastal states bordering the Indian Ocean.
The primary goals are to promote sustained growth and balanced development within the region and among member states, fostering common ground for regional economic cooperation.
At the 11th Council of Ministers meeting in Bengaluru, six priority areas were identified.
The IORA's establishment was not solely a response to piracy or oil spills, nor is it exclusively focused on maritime security. Its scope is broader, encompassing economic and developmental cooperation.
Statement 1 is incorrect. Statement 2 is incorrect. Hence, neither statement 1 nor statement 2 is correct.