Iran joins Indian Ocean cooperation group

Business 25 March 2012 11:16 (UTC+04:00)

Azerbaijan, Baku, March 25 / Trend M. Moezzi /

Iran has become a member of the Indian Ocean Rim Association for Regional Cooperation (IOR-ARC), Mehr news agency reports.

The IOR-ARC's goals include the balanced development of member countries, exploring ways to increase and diversify trade between member countries and creating common areas for economic cooperation.

Membership in the IOR-ARC is open to all countries bordering the Indian Ocean.

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