IIFET Conference 2024 Refocuses Blue Economy on Equitability

The 21st International Institute of Fisheries Economics & Trade (IIFET) Conference saw nearly 350 experts from 51 countries gather in Penang, Malaysia from 15 - 19 July, to discuss and shape the future of fisheries and aquaculture economics.

Organized by WorldFish and the Department of Fisheries, Malaysia, this was the first time since 2008 the conference was held in Asia.

The theme of IIFET 2024, Aquatic Food Systems in the Blue Economy, focused at the intersection of fisheries and aquaculture economics and trade with major global challenges today, such as food system sustainability, rising economic and social inequality, climate crisis, and pandemics – all pertinent in shaping a resilient blue economy that can deliver on its promise of healthy people, healthy planet, and shared prosperity.

During the conference, delegates explored innovative solutions, sustainable practices, and groundbreaking research aimed at securing a prosperous and sustainable future for our oceans and communities.

At the IIFET 2024, we asked delegates to share their thoughts on the future of the Blue Economy.

Here's what they had to say.

Rashid Sumaila

Professor of Ocean and Fisheries Economics at the University of British Columbia and co-recipient of the 2023 Tyler Prize in Environmental Achievement

"If the blue economy is done well, it can really give us a lot of food, you know, sustainable food, it can give us food forever, we can achieve infinity fish, which is the idea that fish can give you a benefit to infinity, if you sum that, you get infinity benefit. So I like to say that fish is more valuable than diamonds. So the blue economy can really give us food, jobs and incomes. It's huge."

Christina Hicks

Professor at Lancaster University, UK

"So I think there's a lot of optimism and hope around the blue economy addressing food security. But I think there's also a lot of challenges. And I think that is particularly that the most vulnerable may be left behind. Because often, where we develop strategies to gain maximized skill benefits in the hope of increased growth, then it's often the most capable in societies that are able to take advantage of those opportunities. So I think it's really important that the blue economy makes sure that the most vulnerable are not left behind. And that in increasing the amount of food that we're producing, we're increasing it for the people who currently need it. And most not for those who are able to purchase it most readily."

Shakuntala Thilsted

CGIAR Director of Nutrition, Health and Food Security Impact Area Platform and recipient of the 2021 World Food Prize.

"We need to make a shift, and to make sure that if we are to at all use the word blue economy, that it's people centered, and that is focused on the people who are dependent on the resources from the oceans and seas. And we must also take into consideration that it's not just material wealth that people are interested in. It's also very much cultural, very much religious and part of the everyday life. So it's a concept that needs to be broadened and to be more people centered.

Nikita Gopal

Principal Scientist & Head (Acting), Extension, Information & Statistics Division, at the Indian Council of Agricultural Research-Central Institute of Fisheries Technology.

"Blue economy is something that has to do with the entire sector, whether it is fisheries, aquaculture, but I would rather not restrict it to production, I would sort of expand the whole definition to make it more gender equitable, and more inclusive of reaching out to all the people in the value chain. Rather than focus on certain things like production and increasing production to feed our growing population. That's very, very important. But I think the larger dimensions of blue economy should be essentially, gender sensitive, gender responsive, and socially inclusive."

Nicole Franz

Fishery Planning Officer, FAO

"Our planet consists mostly of water, it's in a way that the last boundary, the last frontier that is still there that we haven't really understood yet. And it's getting more and more pressure from different economic sectors. So it's really important that from the fisheries and aquaculture side, we make sure that the stakeholders that are involved in those sectors take part in the negotiations in the processes, also in receiving the funding around the blue economy developments and the blue transformation processes in the future. Because, again, aquatic foods are really at the heart of humanity, we need the food in order to do everything else."

Illisriyani Ismail

Research Officer, International Institute of Aquaculture & Aquatic Sciences, Universiti Putra Malaysia

"Blue economy is something that is being neglected. And you can see that only now people are realizing how important is that. That we're not just talking about how it contribute to the economy, but also to the sustainability because in terms of the percentage of catch has been decreasing, the size of the fish are getting smaller. People are complaining about not getting enough seafood in terms of safety and the quality. So I think blue economy is going to be something which is going to be a major topic. not only to the politicians to the policymaker, to the researchers but also to the public."

The Economics of Food and Nutrition

TThe first day of IIFET 2024 began with an opening address by IIFET President Olivier Thébaud, followed by remarks from Eddie Allison of WorldFish. 

 Shakuntala Thilsted, who spoke on strengthening nutrition-sensitive aquatic food systems, and Yeo Moi Eim, addressed sustainable fisheries management in Malaysia. 

WorldFish Director General, Essam Yassin Mohammed welcomed attendees, followed by an address from Datuk Joseph Arthur Kurup, Malaysia's Deputy Minister of Agriculture and Food Security,  showcasing Malaysia's commitment to integrating aquatic food systems into broader economic strategies.

The morning sessions culminated in a policy roundtable on boosting blue economies through South-South collaboration under the auspices of WorldFish’s Asia-Africa Bluetech Superhighway project, featuring discussions on policy frameworks and collaborative efforts.

Christina Hicks' keynote on the economics of food and nutrition looked at the economic intricacies of nutrition within aquatic food systems, offering new perspectives on achieving both sustainability and economic growth.

The afternoon series of parallel sessions, covered topics such as the economics of production systems in aquaculture, the integration of aquaculture into wider agri-food production, and the operationalization of a wellbeing economy in fisheries.

Sessions on how economic research can shape fisheries and aquaculture policy provided practical insights and hands-on learning experiences. 

Governance for Inclusive and Resilient Aquatic Food Systems

The theme of governance took center stage on the second day of the conference.

Essam Yassin Mohammed's keynote address underscored the need for resilient aquatic food systems in the face of climate change and economic volatility.

Nikita Gopal's discussion on gender economics in fisheries and aquaculture - the first gender focused keynote at an IIFET conference - highlighted the vital role of women in the industry and the economic impacts of gender inclusivity.

A keynote from Christophe Béné on "Resilience in the Blue Economy: Let’s Walk the Talk" urged participants to translate discussions into actionable strategies for enhancing resilience in aquatic food systems.

The day concluded with a poster session.

Future Perspectives and Innovations

The final day of the conference focused on forward-looking perspectives and the latest innovations in the field. h

The day featured parallel sessions on topics such as blockchain technology in fisheries, climate change impacts, and integrating gender into trade research. The discussions emphasized the need for innovative approaches and collaborative efforts to ensure the sustainable development of aquatic food systems.

The day concluded with new president-elect, Hirotsugu Uchida, announcing The Faroe Islands as the location for the 2026 IIFET conference.

IIFET 2024 underscored the critical importance of international collaboration and innovative thinking in addressing the challenges facing aquatic food systems.

By focusing on sustainability, equity, and resilience, the conference highlighted pathways towards a blue economy that can deliver on its promise of healthy people, a healthy planet, and shared prosperity.

Highlights from IIFET 2024

See below for photos capturing key moments from the conference.

To view more photos please visit WorldFish Flickr album.