Fishing in Bangladesh

Bangladesh is one of the poorest countries in the world and which continues to struggle to catch up with the rest of the developed countries. This is however more difficult in practice although many efforts, both national and international are being made in order to help the Bangladesh economy to catch up. For those who care Bangladesh is in a continuous fight against the many natural disasters that hit it on a regular basis and which might have disastrous effects on the already fragile economy. There are many things however that can be exploited from an economical point of view in order to redress the Bangladesh poverty rate, which is among the highest in the world.

Fishing is one of the areas in agriculture that is being intensively used to improve the Bangladesh economy. Bangladesh fishing is obviously possible thanks to the geographical position of the country. Bangladesh has a littoral border with the Indian Ocean, which is considered a very rich source of resources, especially when it comes to the Bay of Bengal. The exclusive economic maritime zone that belongs to Bangladesh spread in about 110,000 square km, representing three quarters of the total surface of the country.

Bangladesh fishing has thus the potential to be one of the saving areas of the economy and has been for many years now the main protein source in the diet of the people in this country. It is estimated that in 1970, Bangladesh fishing accounted for 6% of the GDP of the country. However, serious investment in Bangladesh fishing began in the late 1980s when the World Bank and the Asian Development Bank invested in fishing, especially in the shrimp aquaculture as this type of fish can be found in the Bangladeshi waters and is extensively captured, although though unsophisticated methods, often also inefficient.