High level conference on blue economy

Should be followed by a feasibility study
A two-day summit commenced yesterday bringing together ministers and officials of 31 countries to discuss the potential of sustainable development of blue economy among nations bordering the Indian Ocean.
A two-day summit commenced yesterday bringing together ministers and officials of 31 countries to discuss the potential of sustainable development of blue economy among nations bordering the Indian Ocean. It has been organised by Indian Ocean Rim Association (IORA), which happens to be an inter-governmental organisation. We have been hearing about the blue economy and what great potential it has for the countries that are part of the region, and this is the third instalment of the conference. Whilst it is being attended by key ministers of all the countries, we will be seeing a number of experts give presentations on fishing, shipping and mining.

Needless to say, there will be projections on what is possible, provided the spirit of cooperation among member countries of IORA exists, to take it from the drawing table into implementation. If we are truly looking at the promotion of sustainable and inclusive growth that could open up employment opportunities, then it is time we let the experts take the lead. They need to formulate and undertake a feasibility study that will pinpoint precisely what economic opportunities exist for member nations. Then the respective governments can work on that study to launch various projects in the areas of sustainable fisheries and exploiting resources from the seabed, and enhancing maritime logistics that will open up opportunities in coastal shipping and connectivity. It is time we laid the foundations for future interventions to get the 22 member states and nine dialogue partners, moving on a trajectory of growth that will benefit all.