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South Africa: Regional Trade Will Grow Economies
Source: www.SAnews.gov.za
Source Date: Thursday, November 08, 2012
Focus: Knowledge Management in Government, Institution and HR Management
Country: South Africa
Created: Nov 08, 2012

"The scope of the IOR-ARC has expanded over the 15 years of its existence. Members are willing to cooperate today in areas like science and technology, education, health, transport and maritime security. There is, no doubt, that increased regional trade within the IOR-ARC region, if pursued properly and equitably, offers the prospects of stronger economic growth through greater regional cooperation and integration. We need also to mobilise the support of our private sector and our dialogue partners, in this endeavour," said Ebrahim.

Ebrahim was attending the 12th Meeting of the Council of Ministers of the (IOR-ARC) in New Delhi, India.

He said the (IOR-ARC) should be regarded as a vehicle for transformation.

"Our diversity and plurality offers immense possibilities. South Africa is committed to engage with its partners and see this association make tangible progress to unlock regional opportunities and deliver positive outcomes."

Africa, he added, should be recognised for its potential as a "swing continent".

"Through leveraging its natural geo-strategic location in respect of being positioned in the middle of the Indian and Atlantic Oceans, [Africa] could provide the impetus for new geo-economic emergence and positioning in the emerging new world order."
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