Oceans Economy and Fisheries
ditc-ted-OceansEconomy1.jpgOceans and seas cover over two-thirds of the earth's surface, provide food and minerals, generate oxygen, absorb greenhouse gases and keep climate change in check, determine weather patterns and temperatures, and serve as highways for sea-borne international trade. Oceans and seas can play a major role in contributing to achieving sustainable development, economic growth, and livelihoods.
The oceans economy (also known as the blue economy) is defined as a subset of, and complement to, the evolving development paradigm emphasizing greener and more sustainable and inclusive economic paths. It seeks to expand the economic frontiers of coastal countries beyond their land territories. The Oceans economy encompasses a sustainable economy for the ocean-based marine environment, related biodiversity, ecosystems, species and genetic resources including marine living organisms (from fish and algae to micro-organisms) and natural resources in the seabed, while ensuring their sustainable use and hence, conservation. The value of the global ocean-based economy is estimated between USD 3-6 trillion/year and more than 3 billion people rely on the oceans for their livelihoods.
UNCTAD is supporting developing countries to identify the opportunities and challenges that the oceans economy can bring. It also supports national trade and other competent authorities to design and create an enabling policy and regulatory environment that promotes the development and emergence of sustainable oceans economic sectors through the definition and implementation of national and regional oceans economy and trade strategies.

 Meetings and Events






SDG 14
12 June 2017New Blue BioTrade initiative announced at the UN Ocean Conference
SDG 14
09 June 2017A Piece of the Fish Pie: Sharing the Benefits of Fisheries with LDCs and SIDS
SDG 14
06 June 2017UNCTAD joins the growing number of voluntary commitments on ocean action
06 June 2017The clock is ticking for world leaders to generate wealth from sustainable fisheries
06 June 2017UNCTAD and other global influencers gather to discuss eliminating harmful fisheries subsidies at UN Ocean Conference
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