Description

This study investigates the potential of Bangladesh’s blue economy within the Bay of Bengal framework, emphasising its strategic position, rich marine resources, and evolving maritime infrastructure. Bangladesh’s 710-kilometre coastline and 118,813 square kilometres Exclusive Economic Zone (EEZ) provide abundant opportunities in fisheries, aquaculture, renewable energy, and maritime trade, positioning the country as a potential maritime hub in South Asia. Resolving maritime disputes with India and Myanmar has expanded its sovereign rights, unlocking avenues for sustainable resource utilisation. This research explores how Bangladesh can leverage these assets to enhance international trade and diplomacy while addressing environmental sustainability, governance inefficiencies, and technological limitations. Key sectors analysed include port development, with Chattogram, Mongla, Payra, and Matarbari ports serving as vital trade gateways, alongside fisheries, aquaculture, and emerging fields like marine biotechnology and offshore energy. The study proposes a multifaceted framework integrating economic growth, climate resilience, and regional cooperation to maximise the blue economy’s potential. It highlights the importance of sustainable practices, technological innovation, and international collaboration to overcome ecological risks, overfishing, and pollution. Policy recommendations focus on inclusive governance, marine conservation, and strategic partnerships to strengthen Bangladesh’s role in global maritime networks. By aligning with Sustainable Development Goals (SDGs) and fostering regional alliances through platforms like BIMSTEC and IORA, Bangladesh can enhance its economic diversification and diplomatic influence, ensuring long-term socio-economic and environmental benefits.

Keywords:  Blue Economy, Bangladesh’s Strategic Position, Maritime Governance, Fisheries, Renewable Energy, Tourism, Technological Innovation, International Collaboration.