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Stability key in Indian Ocean

The emerging centrality of the Indian Ocean for global trade and energy flows and for a stable balance of power in Asia is sharpening geopolitical competition in the wider region, home to prominent strategic chokepoints such as the Malacca and Hormuz straits. More than half of the world's container traffic, 70% of its seaborne petroleum trade and a third of all maritime traffic traverses the Indian Ocean, the world's third-largest body of water, which connects Asia with Africa and, via the Middle East, with Europe.

     No less important, the Indian Ocean Rim may be poised to emerge as the world's fastest-growing region in economic terms over the next decade, according to a recent assessment by the Center for International Development at Harvard University. After two centuries of Atlantic domination followed by the rise of the Pacific Rim, the Indian Ocean Rim could become the next growth engine, amid relatively slow growth in the mature economies and a relentless slowdown in China.

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