Common Contracts
1 similar BBNJ Agreement contracts
Cruise Tourism and the BBNJ AgreementBBNJ Agreement • August 29th, 2020
Cruise tourism is growing in popularity and this is an expanding sector globally. The Caribbean is one of the most popular cruise destinations in the world, generating economic revenue and creating jobs that contribute to the Gross Domestic Product (GDP) of many Caribbean countries. According to the Florida-Caribbean Cruise Association, in 2018 within Caribbean and Latin American destinations, cruise tourism generated 3.36 billion USD in direct expenditures and also created 78,954 jobs. Nonetheless, despite the economic benefits, the relative cost-benefit of cruise tourism to the Caribbean has been questioned, especially when compared to other forms of tourism.
