The sea lanes in the Indian Ocean are considered among the most strategically important in the world with more than 80 percent of the world's seaborne trade in oil transits through the Indian Ocean and its vital chokepoints, with 40 percent passing through the
Strait of Hormuz, 35 percent through the
Strait of Malacca and 8 percent through the
Bab el-Mandeb. 75 percent of the world's maritime trade also passes through the IOR. Challenges like maritime terrorism,
piracy and armed robbery, human and contraband trafficking, Illegal Unregulated and Unreported (IUU) fishing, gun running and poaching require situational awareness of the maritime activities. To facilitate information sharing, cooperation and expertise development, a need for regional collaboration was felt. IFC-IOR was envisaged to address this very need to promote collaboration for maritime safety and security in view of the Indian Ocean Region's importance with respect to world trade and security. == Launch ==