Dr. Salehuddin Ahmed, Commerce Adviser to the Government of Bangladesh, stressed the pressing need for technological innovation within the shrimp sector during a meeting with the Bangladesh Frozen Foods Exporters Association (BFFEA).

His remarks shed light on a critical issue: the decline in shrimp production attributed to a steadfast reliance on traditional practices. “If production is not increased, exports will not increase,” Dr. Ahmed asserted, underscoring the linkage between production volume and international trade.

The Investment Climate: A Necessary Revamp

In addressing the challenges facing the shrimp industry, Dr. Ahmed lauded recent governmental initiatives to enhance the investment landscape. He cited reforms at the Bangladesh Investment Development Authority (BIDA) and the Bangladesh Economic Zones Authority (BEZA) as vital steps toward fostering a more conducive environment for private-sector investment.

The emphasis on technological adoption is not merely a suggestion; it is a strategic imperative to reinvigorate the shrimp industry and bolster its international competitiveness.

Export Volumes Dwindling

Kazi Belayet Hossain, president of the BFFEA, brought to light a troubling trend: processing factories are hamstrung by an inability to fully harness their operational capacity due to a persistent shortage of raw materials.

This predicament has led to a marked decline in export volumes over the past decade, a trend exacerbated by disruptions from the COVID-19 pandemic and geopolitical tensions arising from the Russia-Ukraine conflict. These events have significantly eroded both demand and pricing on global markets, leaving Bangladesh’s shrimp export sector in a precarious position.

Seeking Agricultural Recognition and Structural Support

In light of these alarming challenges, association leaders proposed a series of critical measures aimed at revitalizing the shrimp industry. One notable recommendation was to classify shrimp as an agricultural product, akin to jute, thereby unlocking potential benefits related to policy support and investment.

Furthermore, calls for the establishment of dedicated economic zones for shrimp production in key regions like Khulna and Chattogram signal a recognition of the need for targeted infrastructure development. The implementation of a separate interest rate for shrimp exports and the disbursement of pending cash assistance were also highlighted as essential steps in supporting the sector’s recovery.