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Wednesday, April 19, 2017

Launch of the Initiative for the Sustainable Development of the Blue Economy of the Western Mediterranean

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News European Commission has just started action for the sustainable development of the blue economy in Western Mediterranean region. The initiative will be financed by European, international and national funds which will be coordinated and complemented.

The maritime biodiversity of this region is under great pressure. Indeed, a recent report indicates that 50% of biodiversity has been lost over the last 50 years. Added to this a recent security and safety concerns arising from an increase in migration flows.

This initiative will enable the EU and neighboring countries to work together to strengthen maritime safety and security, promote sustainable growth of the blue economy and job creation and preserve ecosystems and biodiversity.

The initiative is the result of years of dialogue between 10 Western Mediterranean countries that are ready and willing to work together on these shared interests in the region. This is an example of success in the EU's neighborhood policy.

Source :  Press room - European Commission




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