The Economic Potential and Existing Reality of the Chittagong Hill Tracts

The Chittagong Hill Tracts is a crucial geographical area in the south-eastern part of Bangladesh. Its area is about 13,300 square kilometres, which is one-tenth of the total area of Bangladesh. The region's diverse topography, cultural diversity, and natural resources make it richer than other regions. Most of the minority communities of Bangladesh live in this area. Being home to various small communities, lush green hills, and rich in natural resources, this region is the centre of people's emotions, love, and interest. The main objective of this research paper is to analyse the economic potential of the Chittagong Hill Tracts and the existing barriers to trade and commerce. This research paper is based on a qualitative method. Instead of collecting primary data for analysis, various reliable secondary data have been relied upon. Sectors such as tourism, agriculture, and small and cottage industries have massive potential for economic growth in the region. Essential agricultural products, including rubber, cashew nuts, coffee, bamboo, and bananas, as well as sectors like eco-tourism and community tourism, can make significant contributions to the national economy. However, there are many obstacles to achieving these goals. Prominent among them are land ownership disputes, conflict and extortion, unsafe environment, poor communication system, and lack of access to adequate financial support due to administrative complexities. Apart from this, institutional inequality and the lack of participation of local people in development activities are also significant challenges. The paper makes specific recommendations, including taking practical steps to resolve land disputes, improve connectivity, promote agro-industry, and formulate an integrated and inclusive economic development strategy. If these recommendations are implemented, the Chittagong Hill Tracts will emerge as an intense centre of economic growth in the country.