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Indian Ocean Rim Association
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Blue Economy

Gunter Pauli's book, "The Blue Economy: 10 years, 100 innovations, 100 million jobs" (2010) brought the Blue Economy concept into prominence. The Blue Economy is envisaged as the integration of Ocean Economy development with the principles of social inclusion, environmental sustainability and innovative, dynamic business models. It is founded upon a systems approach, wherein renewable and organic inputs are fed into sustainably designed systems to fuel "blue growth". Such "blue growth" addresses the problems of resource scarcity and waste disposal, while delivering sustainable development that enhances human welfare in a holistic manner. 

The development of the Blue Economy holds immense promise for the Indian Ocean region. The Indian Ocean is the world's preeminent seaway for trade and commerce. It is also endowed with a wealth of natural resources, which are, as yet, largely untapped. The development of the Blue Economy in the Indian Ocean region is expected to yield a number of benefits for IORA Member States, including: 

  • Providing a boost to coastal and national economies
  • Generating new employment, skill-sets and capacities
  • Promoting entrepreneurship in new areas of economic activity
  • Facilitating the interconnectedness of the regional economy
  • Utilising the vast, untapped potential of the Indian Ocean
  • Contributing to sustainable development and climate change mitigation 



As an Ocean-based community, IORA would be greatly strengthened by regional cooperation for the sustainable development of the Blue Economy. Mindful of this, the Council of Ministers' Meeting on 6 - 9 October 2014 in Perth, Australia adopted the Blue Economy as the top priority for generating employment and ensuring sustainability in business and economic models. An IORA Secretariat draft paper identified eight priority areas for cooperation in the Blue Economy: 

  1. Fisheries and Aquaculture
  2. Renewable Ocean Energy
  3. Seaports and Shipping
  4. Seabed Exploration and Minerals
  5. Marine Biotechnology, Research and Development
  6. Tourism
  7. Ocean Knowledge Clusters
  8. SIDS and LDCs
     

To take this forward, the First IORA Ministerial Blue Economy Conference is to take place in Mauritius on 2-3 September 2015. It will address the first four of the above priority areas. The remaining priority areas will be addressed in subsequent meetings, events and deliberations.

Event Date Venue Document
Second Blue Economy Dialogue - Economic Potential and
Commercialisation Aspects of Blue Economy in the Indian
Ocean 
4-5 November 2016 New Delhi, India -
IORA Port Management and Operations Course 1-5 August 2016 Singapore -
Second IORA Blue Economy Core Group Workshop on 
"Maritime Connectivity and Financing for Development in
the Indian Ocean Rim (Special Fund) 
13-14 July 2016 Qingdao, China -
First IORA Ministerial Blue Economy Conference (BEC) 2-3 September 2015 Mauritius -
IORA Blue Economy on Prospects of Blue Economy in the
Indian Ocean 
17-18 August 2015 Goa, India -
Indian Ocean Region Workshop on "Exploration and
Development of Seabed Minerals and Hydrocarbons:
Current Capability and Emerginf Science Needs" 
26-27 July 2015 Bali, Indonesia -
IORA Blue Econmy Core Group Workshop on Promoting
Fisheries & Aquaculture & Maritime Safety & Security
Cooperation in Indian OCean Region (Special Fund) 
4-5 May 2015 Durban, South Africa -