Bangladesh has been elected as the member of the council of International Seabed Authority for a four-year term from January 1, 2021 to December 31, 2024.
Located in Kingston of Jamaica, the International Seabed Authority is mandated under the UN Convention on the Law of the Sea to organise, regulate and control all mineral-related activities in the international seabed area for the benefit of mankind as a whole, said a press release on Friday.
Its Council is composed of 37 members. Being elected as the member of the Council, Bangladesh will get the opportunity to better protect its interest in the organisation in future. Bangladesh is a country with a huge population where land-based resources are scarce.
Even the resources of the seas are yet to be fully exploited. After the settlement of our maritime boundaries with neighboring Myanmar and India, Bangladesh is prioritizing on unleashing the full potentials of our ocean resources and has made the Blue Economy the new frontier, said the release.
To fully realize the potentials of the Blue Economy for our socio-economic development, Bangladesh would require access to equitable sharing of marine resources, especially in areas beyond national jurisdiction and in ISA controlled areas. And that makes the work of ISA important for Bangladesh.
Bangladesh is also the current President of the Council of International Seabed Authority.