Establishment of a Dedicated Maritime Export Processing Zone in Bangladesh: Proposing a Catalyst for Sustainable Development for Blue Economy

Author: Al Muminul Mia, Mst. Ayesha Akter
DOI: doi.org/10.70279/bmj-v2-1107

Bangladesh's export-led economy exhibits a high concentration in the Ready-Made Garments (RMG) sector, which now accounts for over 85% of total exports, creating structural vulnerabilities. The nation's extensive maritime territory presents a significant opportunity for diversification through a sustainable blue economy. However, the potential of high-value marine sectors like aquaculture, seaweed processing, and marine biotechnology remains unrealised. This paper proposes the establishment of a dedicated Maritime Export Processing Zone (MEPZ) as a necessary strategic intervention. Using a mixed-methods approach that combines recent sectoral data analysis with a review of international best practices, this study evaluates the rationale for an MEPZ. It discusses a conceptual model where the MEPZ acts as an integrated cluster to overcome existing barriers. Analysis identifies the Matarbari-Maheshkhali axis as the optimal location due to its proximity to a deep-sea port and existing infrastructure development. It concludes with a phased policy roadmap for the zone's establishment, arguing that an MEPZ is the most effective instrument for unlocking sustainable maritime growth and aligning Bangladesh with SDGs.