This new report examines the economic, legal, and institutional implications of ratifying the High Seas Treaty for three Caribbean countries: Antigua and Barbuda, Jamaica, and Trinidad and Tobago. Through a detailed cost-benefit analysis and stakeholder interviews, the report finds that all three states would experience positive long-term gains from ratification, from increased access to marine genetic resources and scientific capacity to stronger environmental protection and regional cooperation.
For Small Island Developing States (SIDS), whose economies, cultures, and climate resilience depend on healthy ocean ecosystems, the message is clear: early and coordinated ratification is a strategic advantage. The report shows that ratification will deliver:
- Greater access to marine genetic resources (MGRs) and emerging global benefit-sharing mechanisms.
- Stronger scientific capabilities, including capacity-building valued at over US $10.3 million in projected cash support adapted from existing GEF programmes.
- Improved environmental protection, particularly through more efficient Environmental Impact Assessments.
- Enhanced regional cooperation, including opportunities to build shared research hubs and enforcement systems.
The report underscores that by ratifying now, Caribbean states can shape the rules of the High Seas and position themselves as leaders in this new era of ocean governance.