Indian Ocean Rim Association
- The Association will facilitate and promote economic co-operation, bringing together inter-alia representatives of Member States' governments, businesses and academia.
- It is based on the principles of Open Regionalism for strengthening Economic Cooperation particularly on Trade Facilitation and Investment, Promotion as well as Social Development of the region.
The Association will apply the following fundamental principles without qualification or exception to all Member States: -
- Co-operation within the framework of the Association will be based on respect for the principles of sovereign equality, territorial integrity, political independence, non-interference in internal affairs, peaceful co-existence and mutual benefit;
- The membership of the Association will be open to all sovereign States of the Indian Ocean Rim which subscribe to the principles and objectives of the Charter and are willing to undertake commitments under the Charter;
- Decisions on all matters and issues and at all levels will be taken on the basis of consensus;
- Bilateral and other issues likely to generate controversy and be an impediment to regional co-operation efforts will be excluded from deliberations;
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