Australia will take over the chairmanship of the Indian Ocean Rim-Association for Regional Cooperation (IOR-ARC) from India next month.
"We are looking forward to taking over the chairmanship in the fourth quarter of this year and we will continue to work with the India and others [partners in the IOR-ARC]," Philip Green, the Australian High Commissioner to Singapore told PTI.
IOR-ARC is an international organisation with 20 member states and was first established in Mauritius in March 1995 and formally launched in March 1997.
"IOR-ARC must engage dialogue partners such as China and the United States on a constructive and ongoing basis," he said at the seminar, themed "The Indian Ocean: In Search of Regional Identity".
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"Genuine Indian Ocean regionalism is achievable over the longer-term, and it needs the investment and commitment of members now to reignite the process," he said.
A commitment to regionalism does not preclude other sub-groupings and bilateral arrangements as well.
"In fact, we cannot solely rely on regionalism to solve all our problems. In a region as diverse as the Indian Ocean, we also need to work with like minded on issues that do not affect the region as a whole," Green said.
A strong commitment to reform of IOR-ARC and a belief that regionalism has to be the primary vehicle of change was not incompatible with recognition of the value of bilateral solutions to some issues.
"But it is the best vehicle for region wide cooperation that we have - as a new layer of cooperation to both address Indian Ocean regional challenges and develop new opportunities.
"It is why Australia was a founding member. And it is why we are committed to bringing it forward, to revitalising it and to ensure that it serves the common good of the Indian Ocean region," he added.