Blue Economy: A New Prospect for Bangladesh Essay
Bangladesh has indeed been maintaining commendably a high growth rate of GDP in the range of 6-7 per cent annually almost for two decades. It is currently one of the emerging economies of the world, advancing based mainly on three sectors: readymade garment industry, agriculture and remittances. But Bangladesh, being a country of having more than 160 million people, can add another sector to the list if it can exploit the vast potentials of blue economy. After the two verdicts of International Tribunal for the Law of the Sea (ITLOS) regarding the settlement of maritime dispute initially with Myanmar in march 2012 and then with India in July 2014, Bangladesh obtained its absolute maritime territory of 1,18,813 square kilometers, 200 nautical mile Exclusive Economic Zone (EEZ) and an additional area of continental shelf (sea bed) from the coast. The total area falling under the sovereign rights of Bangladesh makes up 81% of the mainland of Bangladesh. It is like that we have got ano...