The fishing and maritime economy play a crucial role in Mauritius’ development. The ongoing partnership between Mauritius and the European Union (EU), under the 2022-2026 protocol, represents both a financial and strategic tool to support responsible fishing and the sustainable use of marine resources. Blue Azurite explores this agreement, providing insights into how it shapes investment opportunities and supports sustainability in the region.
Strengthening ties for a sustainable future
At the recent joint committee meeting under the Fisheries Partnership Agreement, Fabrice David, Junior Minister of Agro-Industry, the Blue Economy, and Fisheries, emphasized the blue economy’s significance in Mauritius’ economic transformation. The two-day meeting in Port Louis focused on assessing progress and identifying areas for improvement in the coming years.
Originally signed in 2013, the agreement defines how EU vessels can operate in Mauritian waters while ensuring the sustainable management of fish stocks. It also fosters economic, financial, technical, and scientific cooperation, reinforcing bilateral relations.
Fishing access and financial contributions
Under the 2022-2026 protocol, Mauritius grants access to 40 EU purse seiners and 45 surface longliners, with a reference tonnage of 5,500 tonnes annually. In exchange, the EU commits €2.9 million over the protocol’s duration, distributed as follows:
- €275,000 per year for access to fishery resources;
- €275,000 per year to support sustainable fishing policies;
- €175,000 per year to develop maritime policy and the blue economy.
Key projects for sustainable fishing
The protocol funds several initiatives to modernize and strengthen the fishing sector:
- Aquaculture development: The EU supports aquaculture projects to reduce pressure on wild fish stocks and diversify income sources. These initiatives aim to boost local production and improve resource management.
- Upgraded vessel monitoring systems: Mauritius and the EU are prioritizing the fight against illegal fishing. The partnership includes investments in technology to improve surveillance and compliance with international regulations.
- Support for local fishing communities: The agreement includes training programs, subsidies, and improved working conditions to help local fishers adapt to environmental and economic challenges.
- Ongoing evaluation: Regular visits to the Albion Fisheries Research Center, as part of the joint committee meeting, will help assess progress and fine-tune initiatives.
Investment opportunities in the Blue Economy
The EU-Mauritius partnership also opens doors for foreign investors in key areas:
- Aquaculture and seafood processing: Investors can tap into large-scale fish farming and seafood processing, leveraging Mauritius’ strategic location and trade ties with the EU.
- Marine technology and surveillance: Companies specializing in maritime security can collaborate with Mauritius to improve vessel tracking and enforcement mechanisms.
- Sustainable fisheries and export markets: Investment in sustainable fishing operations, cold storage facilities, and export-driven seafood businesses is growing.
- Eco-tourism and marine conservation: Mauritius offers opportunities for sustainable tourism projects and marine conservation initiatives that align with global environmental goals.
With a stable political and regulatory framework, Mauritius presents an attractive landscape for investment in the blue economy.
How global investors can benefit from this partnership
The EU-Mauritius fisheries partnership is not just beneficial for local stakeholders—it also presents significant opportunities for global investors looking to expand into the blue economy sector. Investors can leverage the agreement’s strategic advantages in several ways:
- Preferential market access: With Mauritius serving as a gateway to both African and European markets, investors in seafood processing and aquaculture can benefit from existing trade agreements, reducing tariffs and expanding export opportunities.
- Public-Private Partnerships: The Mauritian government encourages foreign investment in maritime technology, aquaculture, and infrastructure development, providing incentives and co-investment opportunities.
- Sustainability-driven growth: Given the increasing global focus on sustainable investments, companies investing in responsible fishing practices, marine conservation, and eco-friendly technologies will find strong support from both Mauritius and the EU.
- Innovation and research collaborations: Investors in marine research, biotechnology, and sustainable seafood industries can collaborate with local institutions to drive innovation and improve marine resource management.
By tapping into Mauritius’ robust regulatory environment, skilled workforce, and access to international markets, global investors can play a vital role in shaping the future of the island’s blue economy while ensuring long-term economic and environmental sustainability.
Building a “Great Ocean State”
Mauritius aims to position itself as a “Great Ocean State”, leveraging its vast marine resources for economic growth while ensuring sustainability. Minister Fabrice David highlighted the government’s commitment to responsible marine management and innovation in ocean-related industries.
EU Ambassador Oskar Benedikt underscored the partnership’s focus on sustainability, emphasizing that economic growth must align with environmental conservation.
As discussions continue on shaping a post-2026 agreement, the challenge lies in balancing economic growth with environmental responsibility. Ensuring local fishers benefit from this evolving landscape remains a priority.
Mauritius: A model for sustainable cooperation
The EU-Mauritius partnership exemplifies how international cooperation can support responsible fisheries management and the blue economy. Through aquaculture development, modernized monitoring, and direct support for local fishers, the collaboration ensures that marine resources are used sustainably while driving economic progress. With effective implementation of the 2022-2026 protocol, Mauritius is on track to solidify its role as a key player in the Indian Ocean’s blue economy while reinforcing ties with the EU for long-term marine resource management.
For businesses looking to explore opportunities in Mauritius’ blue economy, Blue Azurite offers expert guidance and support. Whether you need assistance navigating investment regulations, identifying lucrative ventures, or establishing strategic partnerships, contact us now to turn your vision into reality.
