Commentary – India-Bangladesh Initiatives in Blue Economy – CPPR & BIPSS

The Bay of Bengal plays a crucial role in strengthening maritime cooperation between India and Bangladesh, enhancing both strategic partnerships and economic ties. Joint research commentaries by Centre for Public Policy Research (CPPR) and Bangladesh Institute of Peace and Security Studies (BIPSS) have explored the current collaborations and identified future opportunities for India-Bangladesh cooperation in areas like the blue economy, marine piracy, and blue tourism.

1. Navigating the Blue Horizon in the Bay of Bengal: India-Bangladesh Cooperation in Blue Economy by Neelima A, Research Associate at CPPR

The Bay of Bengal, a vast marine ecosystem supporting diverse biotopes and over 450 million people, is pivotal for the blue economy—a concept focusing on sustainable ocean resource use to boost economic growth and ecosystem health. India and Bangladesh, both heavily reliant on maritime resources, are advancing their blue economy strategies through various initiatives, including joint projects, agreements, and policies aimed at sustainable development. India’s “Maritime India Vision 2030” and Bangladesh’s “Vision 2041” seek to enhance their economic potential by leveraging marine resources. Despite progress, challenges such as inadequate regulations, pollution control issues, and infrastructure gaps persist. Strengthening bilateral cooperation and addressing these challenges is crucial for maximizing the blue economy’s benefits and ensuring sustainable growth in the region.

2. Strengthening Maritime Ties: India-Bangladesh Cooperation in the Bay of Bengal by Mohosina Mostofa, Research Assistant at BIPSS

The Bay of Bengal is a vital maritime region for India and Bangladesh, serving as a crucial trade route and source of abundant marine resources. Their cooperation spans maritime boundary resolution, coastal shipping, joint energy projects, and sustainable blue economy initiatives. Key collaborations include the 2014 maritime boundary settlement, the 2015 Coastal Shipping Agreement, and ongoing blue economy projects. However, challenges such as potential militarization, strategic competition, environmental issues, and domestic political shifts could impact their partnership. Balancing security concerns with sustainable development will be crucial for maintaining and enhancing their bilateral ties and regional stability.

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