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proceedings December 22, 2024

Reconnecting the Bay of Bengal Region: Exploring the Convergence of Interests

Corridors, Commerce and Collective Security

Bangladesh Institute of International and Strategic Studies (BIISS) DOI
Reconnecting the Bay of Bengal Region: Exploring the Convergence of Interests
Publication Details
  • DOI 10.0000/proceedings-79-gxvule
  • Publisher Bangladesh Institute of International and Strategic Studies (BIISS)
Overview
This overview turns ideas into a phased plan. Phase I: pilot multimodal services linking ports, dry ports, and industrial clusters; adopt e-documents and risk-based clearance to reduce dwell time; and initiate a few mutual recognition arrangements in high-impact sectors. Phase II: mobilize blended finance for corridor upgrades, resilient power interconnections, and fisheries management programs, coupled with community benefit-sharing to align local incentives. Phase III: institutionalize a Bay of Bengal cooperation forum that maintains a project pipeline, tracks performance, and circulates open data on logistics reliability, trade costs, and environmental indicators. Throughout, embed climate risk screening, nature-based solutions for coastal protection, and skills programs for logistics and hospitality. The measure of success is not kilometers built but time saved, emissions reduced, and opportunities created across the region.
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Abstract

The proceedings explore how the Bay of Bengal’s economic geography can be re-stitched through corridors, standards, and cooperation platforms that serve shared interests. Participants mapped complementarities in manufacturing, agribusiness, energy trade, fisheries, and tourism, noting that fragmented logistics, regulatory divergence, and shallow services ecosystems keep costs high. Case discussions highlighted opportunities in multimodal transport, cross-border power trade, and digital trade documentation, as well as the imperative of climate-smart infrastructure to keep corridors reliable under extreme weather. The conversation stressed that connectivity must be inclusive—supporting MSMEs, safeguarding the environment, and creating decent jobs—if it is to be politically sustainable. The session concluded that small but steady wins—pilot services, mutual recognition of key standards, and joint marketing for blue-economy destinations—can build trust and unlock larger, longer-tenor investments.

How to Cite
BIISS (2024). Reconnecting the Bay of Bengal Region: Exploring the Convergence of Interests. Bangladesh Institute of International and Strategic Studies (BIISS). https://doi.org/10.0000/proceedings-79-gxvule
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