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Blue economy has potential to become ASEAN's new growth engine: Indonesian official

Blue economy has big potential to become a new engine for the development of the Association of Southeast Asia Nations (ASEAN), an Indonesia’s senior official has said.
Blue economy has potential to become ASEAN's new growth engine: Indonesian official ảnh 1Cat Ba archipelago in Vietnam's northern city of Hai Phong has a lot of potential marine resources.(Photo: VNA)
Jakarta (VNA) – Blue economy has big potential to becomea new engine for the development of the Association of Southeast Asia Nations(ASEAN), an Indonesia’s senior official has said.

Indonesian Minister of National Development Planning SuharsoMonoarfa made the statement at the opening ceremony of the 2023 ASEAN Blue EconomyForum held in Bangka Belitung island province from July 2-4.

The event drew the participation of hundreds of delegates from ASEAN countriesas well as private stakeholders and thinktank.

Minister Monoarfa said that in the past years, the blue sea economy was not onlyconsidered a joint effort of ASEAN member countries to mitigate the impact ofthe COVID-19 pandemic but also a growth engine for the region.

The transition to a blue sea economy will create an opportunity to boost GrossDomestic Product (GDP) growth and assist ASEAN member countries to achieve thesustainable development goals (SDGs), he went on.

Monoarfa said that during the ASEAN Chairmanship in 2023, Indonesia iscommitted to building a blue sea economic framework that will serve as aplatform to establish common perceptions and plans to promote the blue seaeconomy in the region.

The 2023 ASEAN Blue Economy Forum included discussions on the draft ASEAN BlueSea Economic Framework, cooperation and financing of the blue sea economy, thelaunch of the Indonesia Blue Economy Road Map, a showcase of blue economypotential as well as field trips to some geoparks in Bangka Belitung./.
VNA
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