Speaking at the Indian Ocean Rim Association for Regional Cooperation (IOR-ARC) Economic and Business Conference here, Commerce and Industry Minister Anand Sharma said the region has exhibited healthy prospects for both international and intra-regional trade.
He said that visa regimes in the countries of the region need to be further liberalised.
"India is considering visa on arrival for many countries, including Mauritius," he said.
Sharma said IOR region as a whole has managed to maintain a trade surplus in most years of the last decade even when the economies elsewhere were getting affected by global slowdown.
"We have identified the key areas and our business leaders are keen to take it forward," he said.
Sharma, however, voiced concern that despite setting up of a Working Group on Trade and Investment, not much progress has been made for achieving substantial outcomes.
IOR-ARC members include Australia, Bangladesh, India, Indonesia, Iran, Malaysia, Mauritius, Singapore, South Africa, Sri Lanka, Thailand, UAE.
