Global Ocean Governance

In the next decade and beyond, the Pacific ocean is set to be the new frontier for resource grabbing by transnational corporations and foreign governments, enabled by financial institutions through financing of infrastructure projects including ports, airports, and roads with support by governments of the Pacific.  Such sites will become increasing sources of conflict within countries as land becomes appropriated without the consent of indigenous communities for major infrastructure projects.  Whilst tensions increase between foreign powers who seek to securitize infrastructure including the expansion of naval bases making the Pacific Ocean a site for hyper militarism. Fisheries are governed in part by fisheries stocks agreements and managed by regional fisheries management organisations (RFMO’s), whilst shipping is governed by the IMO, seabed minerals is governed by the International Seabed Authority, while the World Trade Organization is currently dealing with the issues of subsidies to fishing fleets.