Indian Ocean Economy
Economy - overview: The Indian Ocean provides major sea routes connecting the Middle East, Africa, and East Asia with Europe and the Americas. It carries a particularly heavy traffic of petroleum and petroleum products from the oilfields of the Persian Gulf and Indonesia. Its fish are of great and growing importance to the bordering countries for domestic consumption and export. Fishing fleets from Russia, Japan, South Korea, and Taiwan also exploit the Indian Ocean, mainly for shrimp and tuna. Large reserves of hydrocarbons are being tapped in the offshore areas of Saudi Arabia, Iran, India, and western Australia. An estimated 40% of the world's offshore oil production comes from the Indian Ocean. Beach sands rich in heavy minerals and offshore placer deposits are actively exploited by bordering countries, particularly India, South Africa, Indonesia, Sri Lanka, and Thailand.
Indian Ocean Transportation
Ports and harbors: Chennai (Madras; India), Colombo (Sri Lanka),
Durban (South Africa), Jakarta (Indonesia), Kolkata (Calcutta;
India) Melbourne (Australia), Mumbai (Bombay; India), Richards Bay
(South Africa)
Indian Ocean Transnational Issues
Disputes - international: some maritime disputes (see littoral states)
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@Indonesia
Indonesia Introduction
Background: The world's largest archipelago, Indonesia achieved independence from the Netherlands in 1949. Current issues include: implementing IMF-mandated reforms of the banking sector, effecting a transition to a popularly elected government after four decades of authoritarianism, addressing charges of cronyism and corruption, holding the military accountable for human rights violations, and resolving growing separatist pressures in Aceh and Irian Jaya. On 30 August 1999 a provincial referendum for independence was overwhelmingly approved by the people of Timor Timur. Concurrence followed by Indonesia's national legislature, and the name East Timor was provisionally adopted. The independent status of East Timor - now under UN administration - has yet to be formally established.