The fishing industry alone generates over Rp 102 trillion ($7.2 billion), 2.7 percent of Indonesia's gross domestic product, in the first quarter of this year. According to the World Bank, the blue economy is the "sustainable use of ocean resources for economic growth, improved livelihoods, and jobs while preserving the health of ocean ecosystem." Indonesia hosted the Second Ministerial Blue Economy Conference on “Financing the Blue Economy” on 8-10 May 2017 in Jakarta, Indonesia, whereby the Jakarta Declaration on the Blue Economy was adopted, aiming at optimising the use of existing financial instruments in the IORA region to enhance Blue Economy development in our Member States. Find Out. Mr van Balen said a challenge would be cooperation between the agencies of both countries. Definitions. The blue economy can be crucial for Indonesia – especially revenues from the fishing industry and marine-coastal tourism – to act as a catalyst for growth.
Its scope of interpretation varies among organizations. Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). By 2030, the Blue Economy will be worth $3 trillion. This concept was brought to the negotiating table when the Prime Minister of India, Narendra Modi visited his Indonesian counterpart, Joko Widodo (fondly known as Jokowi) in Jakarta, recently. “The Indonesia -Australia Comprehensive Economic Partnership Agreement (IA-CEPA) offers a framework for the creation of a bilateral economic partnership within the Blue Economy along the lines of the current CRC,” he said.
And the UK is well placed to capture a slice of this lucrative market, if it meets the challenges involved with innovation and ambition. With 189 member countries, staff from more than 170 countries, …
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Blue economy has become a new development concept in Indonesia that promotes the use of natural resources for economic growth, social welfare, and environmental health.
This edition of the Indonesia Economic Quarterly report highlights the importance of the maritime economy to Indonesia’s economic development and sustainable growth. Who We Are.
Ministers from ten East Asian countries signed … The concept of "blue economy" has emerged as an important approach to driving sustainable development of coasts and oceans, and a number of international organizations like the United Nations and Asia-Pacific Economic Cooperation (APEC), along with several East Asian economies, have taken up the call for developing blue economy in the region. Blue economy is a term in economics relating to the exploitation and preservation of the marine environment. The blue economy is a concept that applies to the sustainable use of ocean resources for economic growth, improved livelihoods and jobs, as well as overall ocean ecosystem health. The concept of Blue Economy development was first presented by President Susilo Bambang Yudhoyono in his speech at the Leaders Valuing Nature event in the series of Rio +20 meeting in Brazil, June 2012. Leadership, organization, and history.
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