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Indian Ocean trade has been a key factor in East–West exchanges throughout history. Long-distance maritime trade by Austronesian trade ships and South Asian and Middle Eastern dhows, made it a dynamic zone of interaction between peoples, cultures, and civilizations stretching from Southeast Asia to East and Southeast Africa, and the East Mediterranean in the West, in prehistoric and early ...
Austronesian proto-historic and historic (Maritime Silk Road) maritime trade network in Southeast Asia and the Indian Ocean [1]. The Maritime Silk Road or Maritime Silk Route is the maritime section of the historic Silk Road that connected Southeast Asia, East Asia, the Indian subcontinent, the Arabian Peninsula, eastern Africa, and Europe.
Recognizing the importance of the Indian Ocean Region in global trade, IORA has prioritized trade liberalisation and the freer flow of goods, services, investment, and technology; its "Action Plan 2017-2021" put forward the seven targets for trade in the region, ranging from reducing barriers to trade in the short term to making business travel ...
The Cape Route from Europe to the Indian Ocean via the Cape of Good Hope was pioneered by the Portuguese explorer navigator Vasco da Gama in 1498, resulting in new maritime routes for trade. [7] This trade, which drove world trade from the end of the Middle Ages well into the Renaissance, [5] ushered in an age of European domination in the East ...
Indian maritime history begins during the 3rd millennium BCE when inhabitants of the Indus Valley initiated maritime trading contact with Mesopotamia. [1] India's long coastline, which occurred due to the protrusion of India's Deccan Plateau, helped it to make new trade relations with the Europeans, especially the Greeks, and the length of its coastline on the Indian Ocean is partly a reason ...
The Indo-U.S. goods and services trade totaled around $190.1 billion in 2023. According to India’s External Affairs Ministry, the U.S. exports to India were worth nearly $70 billion and imports ...
The first true maritime trade network in the Indian Ocean was by the Austronesian peoples of Island Southeast Asia. [52] Initiated by the indigenous peoples of Taiwan and the Philippines , the Maritime Jade Road was an extensive trading network connecting multiple areas in Southeast and East Asia.
This is a timeline of the history of international trade which chronicles notable events that have affected the trade between various countries.. In the era before the rise of the nation state, the term 'international' trade cannot be literally applied, but simply means trade over long distances; the sort of movement in goods which would represent international trade in the modern world.