The Government of Bangladesh today announced measures to increase the international competitiveness of the sector shipbuilding, and in particular that of recycling through the streamlining of authorization procedures and approval of practices and removal of obstacles institutional activities. To boost recycling activities naval will also be the construction of a plant for the treatment, storage and disposal of waste deriving from from the dismantling of ships with which it is planned to eliminate the barriers, including regulatory barriers, which discourage European ship operators to turn to Bangladeshi shipyards for the their recycling.

In addition, the Minister of Trade and Industry, Khandakar Abdul Muktadir, said that Bangladesh will give priority to the implementation of the Hong Kong Convention for the safe and sustainable recycling of ships, to which Bangladesh has joined in 2023 and entered into force on 26 June 2025, with the aim of transforming the ship recycling sector into a An environmentally friendly and standards-compliant industry international associations. To this end, the Minister also envisaged the possibility of introducing a specific certification national team.

There are also initiatives to remove the difficulties of financing to companies in the sector.