Common Market for Eastern and Southern Africa.
Published in Chapter:
Indian Ocean Rim Association: India's Trade Potential With Member Nations
Jasdeep Kaur Dhami (CT University, India) and Manbir Singh (CT University, India)
Copyright: © 2020
|Pages: 26
DOI: 10.4018/978-1-7998-1730-7.ch009
Abstract
The Indian Ocean Rim Association (IORA) is a regional forum that focuses on bringing together representatives of government, business, and academia, for promotion purposes. It depends on the principles of open regionalism for strengthening trade facilitation and investment, promotion, and social development of the region. Social, cultural, political, geographical, and economic linkages exist between 22 member nations. The main objective of this chapter is analyzing India's trade potential with IORA member nations. The main outcome of this chapter is that India should concentrate on ammonium dihydrogen orthophosphate for Australia, gold and semi-manufactured for Singapore, mineral or chemical fertilizers for Thailand, tankers for Malaysia, warp knit fabrics of synthetic fibers for Indonesia, ammonium dihydrogen orthophosphate for South Africa, palm oil and fractions for Sri Lanka, Bangladesh, Mozambique, Tanzania, the United Republic of Yemen, crude palm oil for Kenya, bigeye tunas, frozen for Mauritius, and carded yarn of fine animal hair for Madagascar.