Kota Kinabalu: Asean is urged to place the Blue Economy at the centre of its growth agenda as Malaysia hosted the 3rd Asean Blue Economy Forum at the Sabah International Convention Centre, Monday.
Deputy Economy Minister Datuk Hanifah Hajar Taib described the initiative as “a call to action” to balance economic opportunity, social wellbeing and environmental stewardship.
“The 13th Malaysia Plan makes the Blue Economy a priority, with strategies focused on aquaculture, eco-tourism, green shipping, renewable ocean energy and biodiversity protection,” she said when delivering her keynote address at the opening of the event.
Hanifah also announced the drafting of a Malaysia Blue Economy Blueprint to harmonise policies and investments across ocean-linked sectors.
“We hope this Blueprint will also contribute to Asean’s aspirations, complementing the Asean Blue Economy Framework,” she said.
She warned that the region’s seas face a multidimensional crisis.
“Rising sea levels, depleted fish stocks, marine pollution and climate change threaten food security and coastal communities. Without urgent action, the cost of inaction will outweigh the benefits of growth,” she said.
Advancing the Blue Economy, she added, could secure food supply, create high-value jobs, expand clean energy and protect biodiversity.
“Through sustainable fisheries, eco-tourism and community-led initiatives, we can uplift local communities and promote more equitable growth,” she said.
Themed “Invigoration of Blue Economy”, the forum was held alongside the 2nd Asean Coordinating Task Force on Blue Economy Meeting, which convenes today (Tuesday).
It drew policymakers, industry leaders, academics and civil society to discuss financing, innovation, workforce development and stronger partnerships.
Hanifah cited sustainable tourism, marine park protection, combating illegal fishing and green ports as areas for closer Asean collaboration.
“We must unlock the potential of blue financing through blue bonds, blended finance and carbon credits, while strengthening research, technology transfer and skills development,” she said.
An exhibition held in conjunction showcased initiatives and innovations from governments, businesses and communities across the region.
Malaysia reaffirmed its commitment as Asean Chair 2025 to “translate dialogue into action and position Asean as a global leader in ocean stewardship for future generations.”
