Mauritius-EU fisheries partnership: Investment opportunities and sustainable Blue Economy growth
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: Key projects for sustainable fishing The protocol funds several initiatives to modernize and strengthen the fishing sector: Investment opportunities in the Blue Economy The EU-Mauritius partnership also opens doors for foreign investors in key areas: 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: 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.
