The Parties join forces to support sustainable increases in the productivity of: - marine food systems, - single-use and multi-use coastal and ocean spaces, - coastal people's livelihoods that are threatened by climate change,- practices that contribute to sustainable use of coastal and marine resources.

The Parties will develop a Blue Grenada Concept Note for optimizing Grenada's coastal, marine and ocean resources and for the establishment of a dedicated Blue Growth and Oceans Governance institute, which will be hosted in Grenada, and possibly extending this cooperation also to other Caribbean Islands and to Africa, Asian and Pacific island countries including Indonesia.

Grenada: Unique opportunities offered within its EEZ, including its many MPAs its fishing zones, its EU Fish Export License, its marine tourism potential, unique genetic biodiversity of the hemisphere's largest submarine volcano, the possibility of seabed minerals such as rare earth metals and potential oil and gas depositsThe Dutch Ministry of Economic Affairs / DG Agro will share through a networked team of relevant partners knowledge and provide technical assistance to Grenada Ministry of Agriculture and Environment and Ministry of Tourism and other relevant Ministries to be determinded through the Prime Minister's Office.

A Blue Grenada Concept note will be developed by both parties, including a sustantive program and concrete roadmap and the specific deliverables and benefits for each country.

- Ministry of Economic Affairs (DG Agro), Government of the Netherlands - Government of Grenada