Abstract
The Blue Economy offers Bangladesh a transformative pathway for sustainable development by leveraging its extensive 710-kilometer coastline and 118,813 square kilometers of Exclusive Economic Zone (EEZ) in the Bay of Bengal. Key sectors such as fisheries, hydrocarbons, maritime trade, renewable energy, and coastal tourism present significant opportunities for economic growth, employment, and environmental conservation. Marine resources, including the culturally and economically vital hilsa fish, and untapped offshore energy reserves, highlight the untapped potential of this sector. Despite these opportunities, challenges such as institutional capacity limitations, environmental degradation, insufficient research and technology, and geopolitical dynamics hinder progress. Addressing these requires a multi-sectoral approach, including establishing a dedicated Blue Economy authority, enhancing marine research, fostering public-private partnerships, and promoting regional cooperation under frameworks like BIMSTEC. Environmental sustainability and capacity building for coastal communities are critical to achieving long-term benefits. Aligning the Blue Economy with global Sustainable Development Goals (SDGs) further ensures its role in diversifying the economy, ensuring energy security, and uplifting communities. With strategic investments, visionary leadership, and sustainable practices, Bangladesh can harness its maritime potential, positioning itself as a model for sustainable ocean governance and a thriving maritime economy. The Bay of Bengal holds the promise of a brighter future, waiting to be navigated wisely.
Published Version
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