BBC World Service Online

Global Business

Factual: Money

Insights into the business world from the BBC.

Global Business: Portugal’s Ocean Economy

Portugal’s Ocean Economy

09/03/2019 GMT

BBC World Service - Global Business, Portugal’s Ocean Economy

Portugal with its historic links to the sea is now investing heavily in the Ocean Economy

Portugal with its historic links to the sea is now investing heavily in the Ocean Economy. This is about more than shipping and fish. It’s about IT, biotech and robotics.

As the global economy slows and the search for new areas of growth becomes more intense, many countries are looking beyond their coastline to the vast, untapped potential of the sea. The “Ocean Economy” is now attracting attention from governments, businesses and investors, not only in traditional industries like fishing and shipbuilding but also in new areas like biotech and robotics. Integration is the watchword and one country, Portugal, is now taking this seriously enough that its government has even established a Ministry of the Sea. For this edition of Global Business Tanya Beckett visits first Lisbon, where the ships they built half a millennium ago sent explorers across the Atlantic and round the Cape to bring home riches from South America, Africa and India; and then Leixoes, an Atlantic Ocean port where a cluster of technology enterprises combines with the local fishing industry and an ocean cruiser terminal in the embodiment of the integrated model that represents the Ocean Economy today.

Presenter: Tanya Beckett
Producer: Tim Mansel

Picture Credit: BBC

BBC World Service

BBC World Service Australasia

BBC World Service schedule for American satellite radio and the Caribbean

BBC World Service Americas and the Caribbean

BBC World Service South Asia

BBC World Service News Internet

BBC World Service West and Central Africa Schedule

BBC World Service West and Central Africa

BBC World Service Europe and the Middle East

BBC World Service East Asia

BBC World Service East and Southern Africa Schedule

Accessibility links

Programme Index

Global Business

Portugal’s Ocean Economy

Genres

Brand

BBC World Service Online

About BBC World Service