Moving beyond least developed country status: Challenges to diversifying Bangladesh’s seafood exports

Authors: Hobbs, J.E., Khorana, S. and Yeung, M.T.

Journal: Aquaculture Economics and Management

Volume: 27

Issue: 3

Pages: 498-522

ISSN: 1365-7305

DOI: 10.1080/13657305.2022.2162624

Abstract:

Bangladesh is due to graduate from Least Developed Country status, resulting in the loss of preferential market access for textiles and ready-made-garments in key import markets. The paper examines the opportunities and constraints for developing a stronger export market orientation in the Bangladesh fish and seafood sector. We discuss the role of public and private standards in food safety and quality, as well as empirical evidence for their effect on fish and seafood value chains. We assess the factors limiting diversification into fish and seafood exports and constraints to value chain enhancement. The experience of export-oriented shrimp value chains provides lessons for the aquaculture sector. High costs of compliance with public and private standards and inability to meet traceability requirements for food safety and quality present a significant challenge. In diversifying beyond domestic markets for fish and seafood, the policy challenge lies in striking an appropriate balance between intervention and guidance.

https://eprints.bournemouth.ac.uk/38064/

Source: Scopus

Moving beyond least developed country status: Challenges to diversifying Bangladesh's seafood exports

Authors: Hobbs, J.E., Khorana, S. and Yeung, M.T.

Journal: AQUACULTURE ECONOMICS & MANAGEMENT

Volume: 27

Issue: 3

Pages: 498-522

eISSN: 1551-8663

ISSN: 1365-7305

DOI: 10.1080/13657305.2022.2162624

https://eprints.bournemouth.ac.uk/38064/

Source: Web of Science (Lite)

Moving beyond least developed country status: Challenges to diversifying Bangladesh’s seafood exports

Authors: Hobbs, J.E., Khorana, S. and Yeung, M.T.

Journal: Aquaculture Economics and Management

Issue: Jan 2023

Pages: 1-25

ISSN: 1365-7305

Abstract:

Bangladesh is due to graduate from Least Developed Country status, resulting in the loss of preferential market access for textiles and ready-made-garments in key import markets. The paper examines the opportunities and constraints for developing a stronger export market orientation in the Bangladesh fish and seafood sector. We discuss the role of public and private standards in food safety and quality, as well as empirical evidence for their effect on fish and seafood value chains. We assess the factors limiting diversification into fish and seafood exports and constraints to value chain enhancement. The experience of export-oriented shrimp value chains provides lessons for the aquaculture sector. High costs of compliance with public and private standards and inability to meet traceability requirements for food safety and quality present a significant challenge. In diversifying beyond domestic markets for fish and seafood, the policy challenge lies in striking an appropriate balance between intervention and guidance.

https://eprints.bournemouth.ac.uk/38064/

Source: BURO EPrints