NAIROBI, Kenya It may not have the ambitious government-backed initiatives of other regional trade groupings, but the Indian Ocean Rim Association is at the heart of an increasingly vibrant network of economic activity.
The value of IORA's intraregional trade is higher than that of the Association of Southeast Asian Nations and is growing at a faster pace than that for the Asia-Pacific Economic Cooperation forum, an older grouping of maritime economies. Fueling this rapid rise are Indian companies eager to tap East African markets, and well-suited to the task.
