So SIDS have the ocean space with its living and non-living resources that can be developed sustainably to support economic growth, trade and development. At present, some steps are being taken especially as regards common fisheries agreements for their common benefit. Such agreements could also be applicable to the management of other living and nonliving resources including genetic resources, algae for biofuels and food production, and even mining in the seabed. In the case of SIDS, the joint development of joint oceans space can enhance the scope for sustainable management of oceans resources.