The East Asian Seas (EAS) region is recognized as the center of marine biodiversity globally, being home to 31% of the world’s mangroves, 33% of seagrass beds and a third of the world’s coral reefs. Countries of the EAS region account for 80% of global aquaculture, and around 60% of the world’s capture fisheries. The region’s seas serve as an important conduit for 90% of world trade through shipping. Moreover, the EAS region is a center of economic growth, home to the 2nd and 3rd largest economies of the world (China and Japan, respectively), and the combined economies of ASEAN, which represent the world’s 5th largest economy and the 3rd largest global market with more than 630 million people.
State of Ocean and Coasts (SOC) Reports of Cambodia, China, Indonesia, Japan, Malaysia, Philippines, RO Korea, Singapore, Thailand, Timor-Leste, and Viet Nam capture initial estimates of their ocean economies – measured as the sum of the economic activities of
ocean-based and ocean-related industries, together with the natural assets, goods and services of marine ecosystems upon which these industries depend and people rely on for food, income, livelihood, recreation, shoreline protection and climate regulation, among others.