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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.
Timbuktu, Gao, and Djenne, key trading centres along these routes, flourished as hubs of commerce, culture, and learning, attracting scholars and traders from various parts of the world. The Indian Ocean trade network played an equally crucial role in the economic landscape of East Africa. This vast maritime network linked the East African ...
[20] [21] The Indian Ocean's trade network has been likened to that of the Silk Road, with many destinations being linked through trade. It has been claimed that the Indian Ocean trade network actually connected more people than the Silk Road. [8] The Swahili coast largely exported raw products like timber, ivory, animal skins, spices, and gold ...
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 ...
Indonesians, in particular were trading in spices (mainly cinnamon and cassia) with East Africa using catamaran and outrigger boats and sailing with the help of the Westerlies in the Indian Ocean. This trade network expanded to reach as far as Africa and the Arabian Peninsula, resulting in the Austronesian colonization of Madagascar by the ...
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These figures include trade in goods and commodities, but do not include services or foreign direct investment. The two largest goods traded by India are mineral fuels (refined / unrefined) and gold (finished gold ware / gold metal). In the year 2013–14, mineral fuels (HS code 27) were the largest traded item with 181.383 billion US$ worth ...