The World Trade Centers Association (WTCA) recently brought together industry leaders and stakeholders worldwide for a Sector Salon focused on the Blue Economy — ocean-based industries that drive sustainable growth, especially in developing regions. This event follows earlier discussions at the WTCA Global Business Forum in Philadelphia, where the UNIDO-WTCA Blue Economy Global Call 2026 was launched.
Niraj Khinvasara, chairman of WTCA’s Trade Services Advisory Council, noted the shift toward targeted business partnerships to deliver real value to members, calling the Blue Economy a key area for innovation and investment.
Dr. Arnab Das of the Maritime Research Center highlighted major potential in tropical regions — home to much of the Global South — including fisheries, aquaculture, and undersea resources. He also warned of unique challenges such as environmental risks and technical issues where standard methods do not work. He proposed the Underwater Domain Awareness Framework, which combines policy, technology, and training to manage marine resources more effectively, using data and digital tools. He stressed that success requires coordinated policies and cooperation across different sectors.
The UNIDO-WTCA initiative seeks scalable solutions in six areas: blue energy, sustainable food, green shipping, coastal tourism, ecosystem restoration, and marine technology. Awards will be given for top ideas, with applications closing June 19.
For the Philippines — an archipelago rich in marine resources — this focus comes at a critical time. In 2024, ocean industries contributed about ₱1.01 trillion, or 3.8 percent of GDP, and supported millions of jobs. Growth opportunities exist in renewable energy, sustainable fishing, and green transport, but experts warn that better coordination is needed to tackle ecosystem damage, climate risks, and fragmented governance.
Lawmakers have filed bills to create a national Blue Economy framework to align policies and support growth. International programs like the Global Call could give Philippine businesses access to new technologies and global networks.
Across the WTCA network, the Blue Economy is now seen as both an environmental priority and a powerful driver of trade, investment, and inclusive growth for coastal and island nations. The association continues to serve as a hub for sharing knowledge and building partnerships in this emerging sector.
