Enormous Benefits of the Blue Economy and Blue Tourism (Coastal and Marine) Destinations in Bangladesh: A Conceptual Study on Bangladesh

Abstract

This research investigates the current status of the Blue Economy in Bangladesh. This research also describes the key sectors, identifies challenges, and suggests solutions. A descriptive analysis of secondary data was conducted to present the status of the maritime economy in Bangladesh. The key findings reflect enormous promises to sectors like maritime trade, fisheries, and aquaculture. However, challenges still lie in the form of scant policy frameworks, degradation of the environment, and lack of investment. It has been pointed out by this study that there is an evident requirement—thereby necessary and wanted—to have a balanced stance that would give rise to sustainability, environmental protection, and equitable benefits flowing to the communities. Recommendations include strengthening the policy frameworks, improving maritime security, and investing in research and development that should now unleash the complete potential of the blue economy for Bangladesh.