* The bioeconomy is the part of the economy which uses renewable resources from agriculture, forestry and the marine to produce food, feed, materials and energy, while reducing waste, in support of achieving a sustainable and climate neutral society.

* The bioeconomy recognises the value of nature, soils, land and seas to generate prosperity and mitigate climate change. It supports sustainable agriculture, forestry, fisheries and aquaculture.

* The bioeconomy supports industries to sustainably produce food, timber, nutrients for plants and animals, chemicals, packaging and energy, while reducing waste.

* The bioeconomy ultimately supports the development of an innovative, knowledge-based, sustainable, climate-neutral economy and society.