BLUE ECONOMY

BLUE ECONOMY IS AN EMERGING CONCEPT WHICH ENCOURAGES BETTER

STEWARDSHIPS OF OUR O CEAN OR B LUE R ESOURCES (RENEWABLE ENERGY ,
FISHERIES, MARITIME TRANSPORT , TOURISM , CLIMATE CHANGE , WASTE
MANAGEMENT) IS KNOWN AS B LUE ECONOMY.

BANGLADESH HAS SETTLED MARITIME BOUNDARY DISPUTES

WITH MAYANMAR IN 2012 AND WITH INDIA IN 2014
THROUGH AN ARBITRAL METHOD. IT IS ESTIMATED THAT
BANGLADESH HAS ACQUIRED 1,18,813 SQUARE KILOMETERS
OF THE B AY OF B ENGAL. IT’S ESTIMATED THAT THE
RESOURCES FROM THE S EA OF B ANGLADESH CONSTITUTE
81% OF THE RESOURCES EXISTING THAT TO CATCH ONLY .70
MILLION FISHES OUT OF 8 MILLION TONS OF FISH. BESIDES
FISHES BANGLADESH COULD ALSO HAVE GAS FIELDS .
MYANMAR HAS DISCOVERED A LARGE GAS FIELDS ON ITS AREA
OF THE SEA. E XPERTS ESTIMATED THAT B ANGLADESH WOULD
BE ABLE TO EXTRACT WORTH OF 1.2 BILLION DOLLAR .
ACCORDING TO THE EXPERTS REPORT BANGLADESH
CONTAINS VALUABLE MINERALS SUCH AS URANIUM AND
THORIUM. BESIDES A LARGE NUMBER OF “CLAY” WHICH IS IN
THE SILT ON THE ADJACENT SEA AREA IN B ANGLADESH.

BECAUSE OF BLUE ECONOMY MORE BUSINESS ACTIVITY WILL

INCREASE THE EMPLOYMENT OPPORTUNITY FOR BANGLADESH
CITIZENS WHO ARE UNEMPLOYED WILL BE INCREASE. THIS
WILL ALSO HELP DIRECTLY TO ATTEND THE REQUIRED LEVEL OF
GDP TO BECOME A MIDDLE-INCOME COUNTRY. AT
THE CORE OF BLUE ECONOMY CONCEPT IS THE DE-COUPLING OF
SOCIO-ECONOMY DEVELOPMENT FROM ENVIRONMENT
DEGRADATION.