Blue Economy of Bangladesh

Pankaj kumar mallickSID: MDS-141503

Presenting date: 16/05/15

Course name: Fundamental of Economics

Course code : MDS -5101

What is Blue Economy?

• GUNTER Pauli designed the blue economy concept, which came out of the 2012 Rio+20 Conference.

• In Bangladesh, discussions on blue economy started after the settlement of maritime boundary delimitation dispute with Myanmar and India.

What is Blue Economy?

• The concept of blue economy in our country can be developed in emerging sectors such as shipping and port facilities, seaborne trade, fisheries, coastal tourism, aquaculture, renewable blue energy, submarine mining, renewable energy -- wind, wave, tidal etc.

Importance of Blue Economy for Bangladesh

GUNTER Pauli :The Blue economy

continued• Food Security: Bangladesh gain more than 118000

square km sea area that increase food security level of Bangladesh. According to some experts about 475 species fish are available in the bay. Annually 6.6 million tonnes of fish are caught, of which very small portion are exploited by our fishermen.

• Energy Sector: This renewable energy source could help diversify our energy portfolios and secure higher levels of energy security.

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• Transportation:-80 percent of global trade by volume, and over 70 percent by value, is carried by sea. For developing countries, on a national basis, these percentages are typically higher. Shipping is the safest, most secure, most efficient and most environmentally sound means of bulk transportation. Bangladesh have a great opportunity of sea transportation for its geo-strategic position.

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• Tourism- Marine and coastal tourism is of key importance to many developing countries like Bangladesh. Tourism is a major global industry; in 2012 international tourist arrivals increased by 4% despite the global economic crisis and constituted 9% of Global GDP. In 2012 tourism supported 9% of global jobs and generated US$ 1.3 trillion or 6% of the world’s export earnings. International tourism has grown from 25 million in 1950 to 1,035 million in 2012.

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Shipbuilding- Finally, the shipbuilding industry contributes to this function by providing the necessary equipment, which does not only cover ships but also the marine equipment in which our own industries can play an important role. There are more than 300 shipyards and workshops in Bangladesh.

Challenges for Bangladesh

• The main challenges for Bangladesh to gain from Blue economy are taking proper steps and framework for sustainable use of resources and proper research. Eventually Bangladesh do not having adequate knowledge , skilled manpower, equipment, for research in the deep sea. So it is high time to take proper steps to reduce such problem.

Overall

• It is a great opportunity for Bangladesh to solve the main Economical problem like unemployment, shortage of energy, lower GDP by proper using our Blue resources.

Thanks to Hear me