BE Magazine

48
BLUE ECONOMY
Representatives of key stakeholders and resource
persons gathered together at the Bangladesh Blue
Economy Dialogue with the objective to identify,
discuss and arrive at a consensus on:
(i) the essential enabling conditions, and
(ii) facilitators of fisheries and aquaculture.
Experts at the Bangladesh Blue Economy Dialogue
called for focusing more on mariculture development
to tap the vast resources of the Bay of Bengal, so as to
contribute meaningfully and sustainably to the Blue
Economy of Bangladesh.
prioritize engagement on various aspects of fisheries
and aquaculture. The member states will align their
legal, regulatory and institutional framework and ocean
management policies with the sustainable development
of the Blue Economy.
The Dhaka Declaration commits that IORA member
states will endeavor to establish an economic database
for Blue Economy to promote the creation of robust
‘maritime domain awareness’ of Blue Economy among
people-at-large, communities and policymakers.
IORA Dhaka Declaration
The 3rd Indian Ocean Rim Association (IORA) Blue
Economy Ministerial Conference (BEC-III) was held
in Dhaka on 05 September 2019. The main objective
of the BEC-III was to promote smart, sustainable
and inclusive growth and employment opportunities
in the Blue Economy activities along the Indian
Ocean belt.
Ministers and state ministers from more than 12
IORA member states participated in the ministeriallevel
meeting. Inaugurated by Prime Minister Sheikh
Hasina, BEC-III concluded with the adoption of a
17-point Dhaka declaration.
The Dhaka declaration pledged that the IORA
member states will endeavor to prioritize Blue
Economy with adequate focus on the well-being and
livelihood of people through engagements among
countries and stakeholders to secure sustained and
beneficial outcomes of all ocean-centric enterprises.
Under the declaration, the member states will
Monthly business magazine
December, 2019