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Catching a wave

Indian Ocean countries turn to the 'blue economy' for growth.

The states along the rim of the Indian Ocean aim to make the vast body of water a focus for future economic growth by pursuing a "blue economy" that emphasises inclusive and sustainable development of the ocean's natural resources and maritime cooperation.

Leaders from the 21-member Indian Ocean Rim Association (IORA) outlined the vision in the Jakarta Concord, signed at their first summit last week in the Indonesian capital.

"We commit ourselves to harnessing and developing cross-cutting issues and priority objectives by developing the opportunity of the oceans by promoting the blue economy as a key source of economic growth, job creation and education, based on evidence-based sustainable management of marine resources," the agreement said.

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