dd Bangladesh, US for joint efforts to develop inclusive blue economy

Bangladesh, US for joint efforts to develop inclusive blue economy

Published: 06 Oct 2020   

Online Desk

Bangladesh and the United States have discussed ways to develop an inclusive blue economy by working together and sharing knowledge, data and ideas, building greater capacity, and enhancing professional collaboration. 

The Bangladesh side expressed hope that the US government would provide the government of Bangladesh with fish detecting technology, either through satellite or SONAR, and transferring technology for fish/seafood processing, according to US Department of State. 

Bangladesh and the US discussed the issues in a recent meeting held between the two countries. 

The US side congratulated the government of Bangladesh for joining the international community as a Party to the Agreement on Port State Measures that would aid the United States, Bangladesh, and the other parties in deterring and eliminating illegal, unreported and unregulated fishing.

The US side praised the government of Bangladesh for hosting the third Indian Ocean Rim Association Blue Economy Ministerial Conference in 2019. 

Both sides noted the importance of sound science, innovative management, effective enforcement, meaningful partnerships, and robust public participation, all being important elements of the blue economy and each contributing to the future prospects of the ocean. 

Energy Cooperation 

The meeting participants noted that the United States and Bangladesh have a strong history of cooperation in the energy sector and recognized the importance of energy security to promote regional connectivity, and power stability to further advance Bangladesh’s economic growth. 

The Bangladesh side welcomed the support from US Departments of State, Energy, Commerce, as well as USAID and USTDA in this sector under the whole-of-government Asia EDGE (Enhancing Development and Growth through Energy) initiative. 

The participants encouraged the relevant stakeholders of the two countries to collaborate and explore the possibility of further expanding the LNG footprint, as an efficient and clean primary fuel for Bangladesh’s power generation.

The meeting was appreciative of the participation of US companies like Excelerate Energy and Cheniere Energy at the early stages of Bangladesh’s journey to the world of LNG. 

The US energy participants hoped that the cooperation in this regard between the two countries would continue to grow in future. 

The  participants noted that the first cargoes of US produced LNG have already been exported to Bangladesh. 

They also noted the signing of a Memorandum of Understanding between GE and Bangladesh Power Development Board in 2018 for a 3600 MW Combined Cycle power plant in the southern part of Bangladesh – Moheshkhali Island – and expressed hope that the two sides would remain engaged in this regard.

The meeting discussed exploring the possibility of establishment of an energy sector dialogue to facilitate commercial engagement with US energy companies, increase the possible use of U.S. products and services that support smarter, more efficient, and more resilient energy systems, and improve access to reliable, affordable energy to Bangladesh. 

They discussed this potential platform being led by the US Department of Commerce while on the Bangladesh side by the Ministry of Power, Energy, and Mineral Resources. 

Additionally, the US Department of Commerce announced the creation of the U.S.-Bangladesh Energy Industry Working Group as part of the Asia EDGE Energy Industry Working Group Network, which creates a “one stop shop” for the U.S. private sector to actively participate in Asia EDGE interagency programs and connect to regional market opportunities.

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