By European Commission, 2012
If we count all economic activities that depend on the sea, then the EU's blue economy represents 5.4 million jobs and a gross added value of just under €500 billion per year. In all, 75% of Europe’s external trade and 37% of trade within the EU is seaborne. Much of this activity is concentrated around Europe's coasts, but not all. Some landlocked countries host very successful manufacturers of marine equipment.
This has opened up an opportunity for blue growth – an initiative to harness the untapped potential of Europe's oceans, seas and coasts for jobs and growth. The potential is significant, provided the appropriate investments and research are made. Growth in the blue economy offers new and innovative ways to help steer the EU out of its current economic crisis. It represents the maritime dimension of the Europe 2020 strategy. It can contribute to the EU's international competitiveness, resource efficiency , job creation and new sources of growth whilst safeguarding biodiversity and protecting the marine environment, thus preserving the services that healthy and resilient marine and coastal ecosystems provide.
This Communication drives forward the Commission's Integrated Maritime Policy and launches a process which will place the blue economy firmly on the agenda of Member States, regions, enterprise and civil society. It describes how Member States and EU policies are already supporting the blue economy. It then identifies specific areas where targeted action could provide an additional stimulus. A set of initiatives will subsequently be launched to explore and develop the growth potential in these areas.
 Blue Growth | [ ] |
