Dr Ntahondi Nyandwi |
Nyandwi at the same time said that in 1994, the amount of intra-regional trade in the whole of the Indian Ocean Rim was US$233 billion with the IOR-ARC producing goods and services worth US$1 trillion (around 8 per cent the world production) hence creating a large market in the world economy.
He said the IOR-ARC has opened up, in a more formal way, cooperative trading opportunities with six priority areas of cooperation namely:
– Maritime Safety and Security
– Trade and Investment Facilitation
– Fisheries Management
– Disaster Risk Management
– Academic and Science & Technology Cooperation and
– Tourism and Cultural Exchanges.
He stressed that the objectives of the Indian Ocean Rim[IOR/ARC] is to promote sustainable growth and balanced development of the region and Member States, focusing on those areas of economic cooperation providing maximum opportunities for development, shared interest and mutual benefits.
Other objectives include the promotion of liberalisation, removal of impediments and lowering barriers towards a freer and enhanced flow of goods, services, investment, and technology within the Indian Ocean rim.
He said the IOR-ARC undertake projects for economic co-operation relating to trade facilitation and liberalization, promotion of foreign investment, scientific and technological exchanges, tourism, movement of natural persons and service providers on a non-discriminatory basis; and the development of infrastructure and human resources, poverty alleviation, promotion of maritime transport and related matters, cooperation in the fields of fisheries trade, research and management, aquaculture, education and training, energy, IT, health, protection of the environment, agriculture, disaster management
He added that there is tremendous potential for the Fisheries and Maritime related industries, promotion and transfer of Science & Technology in the region - all of which are considered effective tools for the uplifting of our Member States.
“The establishment of the Fisheries Support Unit in Sultanate of Oman has paved the way for the operationalization of the Unit geared towards improved utilization and management of Fisheries,” he said.
‘The Regional Centre for the Transfer of Science & Technology, based in Tehran, hosts seminars and workshops over providing opportunity for scientists in the region to interact and share knowledge with their peers from Member States. The more active participation of both our private sector and the academic community in the programmes of the Centre, will be a valuable contribution towards making this a leading Centre of Excellence within our region,” said Nyandwi.
By Gilbert Ochieng
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