Bangladesh has been elected member of the council of the International Seabed Authority (ISA) for a four-year term from 2021 to 2024.
Located in Kingston of Jamaica, the International Seabed Authority is mandated under the UN Convention on the Law of the Sea to organize, regulate, and control all mineral-related activities in the international seabed area for the benefit of mankind as a whole. 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 Organization in future, according to a press release received from Bangladesh Permanent Mission in New York on Friday.
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, it said.
“After the settlement of our maritime boundaries with neighboring Myanmar and India, we are prioritizing on unleashing the full potentials of our ocean resources and have made the Blue Economy the new frontier,” reads the press 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.