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Indian Ocean as the Sea of Opportunities: Reinforced Regional Interdependence via Trade and Development
This article presents the evolving policy of regional trade agreements in the Indian Ocean region with India at the helm of affairs. Besides the existing arrangements such as Association of Southeast Asian Nations and South Asian Association for Regional Cooperation, new partnerships are on the horizon including the recently concluded Regional Comprehensive Economic Partnership, Bay of Bengal Initiative for Multi-sectoral Technical and Economic Cooperation, the Indian Ocean Rim Association, and the Asia-Africa Growth Corridor. In the process, the Indian Ocean region looks at advancing South–South cooperation. The challenge remains to prioritise collective steps toward trade and development while envisaging people-friendly international trade governance.