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What are the main components of Blue Economy in Bangladesh?
What are the major challenges to Blue Economy in Bangladesh?
What are the economic potentials of Blue Economy?
What is the Blue Economy Initiative?
The objective of the Blue economy initiative – the maritime pillar of the future strategy – is to promote smart, sustainable and inclusive growth and employment opportunities in Bangladesh’s maritime economic activities in the short, medium and long-term time frames.
Blue Economy has the prospect to contribute Bangladesh economy on a much higher level. Twenty six potential Blue Economy sectors have been identified by the MoFA which include the fishery, maritime trade and shipping, energy, tourism, coastal protection, maritime safety and surveillance for development of blue economy in Bangladesh.
- Prospect in Economy
- Fisheries and Aquaculture
- Natural Resources and Energy
If activities are carried out in at least four areas in the territory that Bangladesh has acquired as a result of the conquest of the sea, it is possible to earnabout 2.5 trillion US dollars every year by 2030. The four sectors are oil and gas extraction, fisheries extraction, port expansion, and tourism. 145 crore people liveon the shores of Bangl...
At present, Bangladeshi trawlers catch fish within 35-40 nautical miles from the coast. But our economic zone is 200 nautical miles. There is a special opportunity to strengthen the country's maritime economy by working in a wider range. According to Food and Agriculture Organization (FAO), Bangladesh is the first of the four countries among Thaila...
The amount of Bangladesh's natural resources above the water and under the water are the same. Moreover, The mineral resources at the bottom of the Bay of Bengal are thought to be unmatched by any other sea or bay in the world. The mineral resources at the bottom of this sea include about 17 types of mineral sand. Most of these are zircon, rutile, ...
Oct 27, 2020 · PDF | Blue Economy more precisely "ocean-based economies" is now being considered as an auspicious sector in Bangladesh which refers to the proper... | Find, read and cite all the research...
Jul 12, 2021 · July 12, 2021. Development of Blue economy (BE) has a high potential for harnessing our ocean resources sustainably whilst also meeting the social needs of the global population. It is particularly promising for developing nations rich in coastal resources and who need to strengthen food security, job opportunities and economic prosperity.
Jun 30, 2023 · Blue Tourism: A Potential Blue Economy Avenue for Bangladesh. According to Asian Development Bank (ADB), coastal and maritime tourism has immense potential in the blue economy and could become one of the largest sources of tourism revenue in Bangladesh.
May 1, 2018 · Highlights. •. Fishery resource is one of the main components of blue economy in Bangladesh. •. Mangrove forest, coastal tourism, trade and commerce related to sea have also economic potentials. •. Climate driven extreme events, over exploitation and pollution are the major challenges to blue economy. •.
