Blue economy is not merely a dynamic business model of an ocean economy.
The model is also dedicated to address the issue of scarcity of resources, and the waste issues while ensuring the long-term economic prosperity, hence embodied the key value of sustainable development goals, especially the goal number 14. The conference was preceded by a Working Session and a Senior Official Meeting to discuss the outcome document - the “Jakarta Declaration on the Blue Economy” - focussing on the way-forward for the sustainable development of the Blue Economy. Several focus areas have been identified for the BEC-II, including inter alia: aquaculture and fisheries; marine tourism; Marine Tourism; Port Network; Customs Network and Management of goods (logistic); and Combatting Marine
In order to fully realise the economic potential of the Indian Ocean, a coordinated and inclusive approach towards better harnessing our ocean’s wealth and resources that would yield shared benefits for all is needed. This Ministerial Conference promotes efforts to map and coordinate work done on the sustainable development of the Blue Economy within IORA.