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This is Africa

G20 Nations Embrace Chennai Principles for Ocean Centric Economy at Summit
NationalNewsThis is Africa

G20 Nations Embrace Chennai Principles for Ocean-Centric Economy at Summit

by Fishery News 12/09/2023
written by Fishery News

The G20 countries have renewed their dedication to the preservation and restoration of the world’s marine ecosystems, highlighting the importance of protecting the oceans. In their G20 declaration, the member nations expressed their endorsement of the Chennai High-Level Principles for a Sustainable and Resilient Blue/Ocean-based Economy

The Chennai High-Level Principles underscore the significance of a sustainable ocean-based economy, the need for enhanced international cooperation to address maritime challenges, and the importance of bolstering ocean financing efforts.

Furthermore, the G20 countries have reaffirmed their commitment to combatting illegal and unregulated fishing practices and harmful fishing methods. They have also voiced their support for the Commission for the Conservation of Antarctic Marine Living Resources (CCAMLR) as part of the Antarctic Treaty system.

In another significant development, the G20 leaders have pledged to facilitate “open, fair, predictable, and rules-based” trade in agriculture, food, and fertilizers. By adopting the New Delhi Declaration of G20 countries, they have committed to assisting developing nations in addressing their food security challenges.

The Declaration stated, “We commit to enhancing global food security and nutrition for all in line with the G20 Deccan High-Level Principles on Food Security and Nutrition 2023.”

Notably, the African Union (AU) has been formally admitted as a permanent member of the Group of Twenty (G20). This inclusion is viewed as a strategic move to amplify the representation of less developed and developing countries within the G20 framework.

Indian Prime Minister Narendra Modi welcomed this development on the first day of the G20 Leaders’ Summit, stating, “Honoured to welcome the African Union as a permanent member of the G20 family.”

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