​Blue Economy

​For a long time, we have defined ourselves as a small island with limited land, and this has to a lar​ge extent define our economic perspectives. Today, we see ourselves as a large ocean state when we factor in our Exclusive Economic Zone of 2.3 million square kilometres including the Chagos region and a continental shelf of 396,000 square kilometres co-managed with the Republic of Seychelles. Hence, the Blue Economy is seen as a driver of future growth.

 

The Ocean Economy is the “proportion of the economy that relies on the ocean as an input to the production process”. The Blue Economy is the simultaneous promotion of economic growth, oceanic sustainability (sustaining ocean resources and ecosystem), and social inclusion. At the heart of our strategy is the human perspective and ocean health. Our vision is to double our blue GDP to 20 percent in the medium term, while realizing social economic development and dynamic balance of resources and environment.

 

We are focused on revitalizing the economy with mineral resources development, ship building, ship registration, communication cable laying, pharmaceutical enterprises, sustainable energy from waves and currents, seaside leisure tourism, and fisheries and aquaculture. Emphasis is on diversifying and deepening the blue economy value chain. At the same time, we will tackle climate change via low carbon and resource-efficient shipping, fishing and marine tourism, and marine biotechnology. Innovative finance tools like the blue bonds are being developed and joint ventures in the fishing activities are being encouraged.​


http://documents.worldbank.org/curated/en/193931508851670744/pdf/120633-WP-PUBLIC-329p-Mauritius-text-10-20-17-web.pdf