Sakhuja, Vijay (2022) Seabed mining gets impetus in IORA blue economy initiatives.
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The advancement of Blue Economy in the Indian Ocean region has received a boost. In March 2022, the Indian Ocean Rim Association (IORA) and the International Seabed Authority (ISA), the multilateral body which is at the helm of deep-sea mining in international waters, signed a Memorandum of Understanding (MoU) to “foster their collaboration in areas of common interest”. H.E. Mr. Michael W. Lodge, the Secretary-General of the ISA and H.E. Mr. Salman Al Farisi, the Secretary-General of the IORA are confident that the MoU can potentially trigger strong cooperation between ISA and IORA in the development of Blue Economy in the region. The two leaders are optimistic that the IORA Member States would “benefit fully from the sustainable development of deep-seabed minerals” in the international seabed area (the Area). It is useful to mention that Blue Economy has been identified as a special focus area of the IORA. In particular, seabed mining finds reference among the six priority pillars of Blue Economy i.e. (a) Fisheries and Aquaculture; (b) Renewable Ocean Energy; (c) Seaports and Shipping; (d) Offshore Hydrocarbons and Seabed Minerals; (e) Marine Biotechnology, Research and Development; and (f) Tourism.
| Item Type: | Articles |
|---|---|
| Keywords: | Seabed Mining, Indian Ocean Rim Association (IORA), Indian Ocean, International Seabed Authority (ISA), Cooperation, Sustainable Development, Minerals, Renewable Energy, Biotechnology, Research and Development, Tourism |
| Subjects: | Right to Resources |
| Depositing User: | Jeeva ICSF Rajan |
| Date Deposited: | 08 Jun 2022 08:43 |
| Last Modified: | 08 Jun 2022 08:43 |
| URI: | http://icsfarchives.net/id/eprint/16807 |
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