Billions of people rely on marine and coastal resources for their livelihoods in some form. In fisheries and aquaculture alone more 60 million people are employed directly, with some 200 million working along the fish and seafood value chain. Small Island Developing States (SIDS) are particularly dependent on the ocean. In the UNCTAD 15 Bridgetown Covenant and the High-Level Political Declaration of the Mid-Term Review of the SAMOA Pathway, the need for support to SIDS in their economic transformation and in the promotion of investment in the ocean-based economy are underlined.
At present, very few countries have a policy framework or strategy to develop and preserve their ocean-based or blue economy resources. National investment promotion agencies (IPAs) often do not target blue economy investment despite the many opportunities that the blue economy offers. This session will promote awareness on the development, preservation and regeneration of the marine environment with an exchange of strategies and best practices in the promotion and facilitation of responsible investment in the blue economy.
- Country strategies to develop and preserve the blue economy
- Tools and practices to promote investment in the blue economy
- Ensuring responsible investment and sustainable development of the blue economy