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Aquaculture is key to meet increasing food demand, says FAO
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Aquaculture is key to meet increasing food demand, says FAO
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Seeing opportunity at home, China’s aquaculture investors shift gears
By
China’s longstanding policy goal of obtaining more seafood from overseas may be changing.
The country s commitment to investing in global aquaculture projects has gone tepid in the past year, despite a policy set by its Ministry of Agriculture to increase China’s international cooperation in aquaculture, with the goal of shifting away from large-scale domestic aquaculture production and toward sourcing more domestically-consumed seafood abroad.
China’s lending to developing countries has been dramatically scaled back by its two policy lenders, China Development Bank and Export Import Bank, from USD 75 billion (EUR 62.1 billion) in 2016 to USD 4 billion (EUR 3.3 billion) in 2019, according to a research team at Boston University that tracks China’s lending to developing nations. Data compiled by the American Enterprise Institute has also shown a drop in the numbers of Chinese workers in Africa
India and Australia, two of the largest powers among the littoral states of the Indian Ocean, play important geopolitical roles in the security and stability of the Indian Ocean Region (IOR). While their interest in the region has been skewed in the past, the IOR’s rising geopolitical and economic importance and global influence is creating potential for cooperation among the countries, as security, economic, and environmental threats to the nations in the IOR are becoming convergent. Collaboration between India and Australia in strengthening Blue Economy (BE) initiatives in the IOR could prove to be a successful tool in addressing these imminent threats.