Making full use of IOR-ARC as a vehicle of cooperation
Address by Senior Minister of International
Monetary Cooperation and the Head of delegation of Sri Lanka to the
11th IOR-ARC Council of Ministers Meeting Dr Sarath Amunugama at
Bangaluru, India held on November 15,
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Indian Ocean issues
The growing Australian emphasis on the Indian
Ocean was revealed when Prime Minister Julia Gillard announced that
she would seek the support of her Labour Party to end the ban on
exports of uranium to India, which has not signed the nuclear
Non-Proliferation Treaty (NPT). Rudd conceded that the Indian Ocean
Rim accounted for only 10 percent of the world’s GDP, but stressed
that this was rising. His country, too has appreciated the IOR’s
potential practically by building a new port at Darwin to supplement
its only major Indian Ocean general cargo port at Fremantle,
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Development - no universal model
At a time that the founding texts of the United
Nations System are being challenged in a number of domains and are
being considered by certain countries as being obsolete and archaic,
Ambassador Kunanayakam underlined the continued validity, and in a
sense, the modernity of the right to development, a fortiori, in the
context of today’s multiple systemic crises that is affecting the
poorest and the most vulnerable, particularly in the developing
countries,
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