This paper provides an overview of the ocean economy in the EU Outermost Regions (EU ORs). It discusses the opportunities and challenges that the EU ORs are facing in light of emerging global trends, laying out priority actions for making the ocean a factor of competitiveness and internationalisation. Such actions could be taken together with EU and basin-specific partners such as Small Island Developing States in the Caribbean, Atlantic and Indian Ocean. The paper is developed within the framework of the EU-OECD project on Global Outermost Regions.