Finance Minister places a set of strategies on blue economy

SANGSAD BHABAN, Finance Minister AHM Mustafa Kamal

proposed a set of strategies for proper utilisation of marine resources while

placing the national budget for fiscal year 201920.

The proposed strategies for proper utilisation of marine resources with

immense potential include quick completion of multidimensional survey of

marine resources, increase of coastal ships and modernization of sea ports

with their capacity enhancement.

He also proposed intensifying fishing in both deepsea and shallow coastal

waters, introduction of sea ecotourism and boat tourism in the private

sector and keeping sea coasts as well as sea ports pollutionfree.

Kamal said through the conquest of the sea in the historic judgment by the

International for the Law of the Sea (ITLOS), under the dynamic leadership of

the Prime Minister Sheikh Hasina, Bangladesh received exclusive rights to 1

lakh 18 thousand 813 sq. km of sea from neighboring Myanmar and India, which

is almost equivalent to the size of Bangladesh.

He said there are over 13 heavy mineral resources in the coastal areas of

the Bay of Bengal which are very valuable. In addition, there are 475 species

of fish and 36 species of prawn plus sea algae etc, he added.

By utilising these resources, it is possible to increase our GDP by two

percent, he said.

Source: Bangladesh Sangbad Sangstha (BSS)