Speaker Dr. Shirin Sharmin Chaudhury emphasized the critical role of the Blue Economy in Bangladesh's economic growth and sustainable development during her speech at the 'International Conference on Ocean Prosperity: Catalyzing Blue Economy in Bangladesh' held at the Bangabandhu International Conference Center on Wednesday.

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The Blue Economy has opened up an area of immense potential in increasing the utilization of marine resources, she said.

The Speaker said that Father of the Nation Bangabandhu Sheikh Mujibur Rahman realized the importance of marine resources and established the first marine research institute in 1973. “He enacted 'The Territorial Waters and Maritime Zones Act' in 1974, which was an important step.”

She praised the progress made under Prime Minister Sheikh Hasina’s leadership, noting that PM Hasina has confirmed Bangladesh's sovereign rights over the vast area of the Bay of Bengal. “Hence, challenges such as controlling overfishing, marine pollution, and addressing the effects of climate change have emerged alongside the sustainable use of marine resources.”

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She stressed the need for collective effort in the Blue Economy sector, stating, “If the government, development partners, private sector, and international community work together, it is possible to ensure the fair use of marine resources.”

The Speaker also underscored the importance of investment in research and development. Investment in the research and development sector is essential to unlock the full potential of the Blue Economy, she said. Private enterprise in the Blue Economy can significantly increase knowledge and technological capacity, she added.