The Financial Express

Minister wants blue economy’s 5pc contribution to GDP

| Updated: November 25, 2017 09:54:51

Minister wants blue economy’s 5pc contribution to GDP

Planning Minister AHM Mustafa Kamal on Wednesday underscored the need for ensuring five per cent contribution of the blue economy to the GDP to attain the Sustainable Development Goals (SDGs).

"Using the blue economy, countries across the globe will contribute to their economies to a great extent by 2030. Bangladesh has to ensure 5 per cent contribution of the blue economy to the GDP to achieve the targeted 8 per cent economic growth in 2019, 9 per cent in 2025 and 10 per cent in 2030," he said.

The Minister was addressing the inaugural function of the 2nd international conference titled 'Blue Economy Dialogue Dhaka 2017' at the Hotel Sonargaon in Dhaka.

State Minister for Foreign Affairs Md Shahriar Alam and Principal Secretary of the Prime Minister's Office (PMO) Dr Kamal Abdul Naser Chowdhury, among others, addressed the function, chaired by Foreign Secretary (Maritime Affairs) Khurshid Alam.

A BSS report said the participating countries, including the UK and China, presented various information and documents on ocean resources at a seminar on 'Ocean for Sustainable and Prosperous Future' on the opening day of the two-day conference.

The Planning Minister said Bangladesh has to achieve capacity in all sectors for attaining the SDGs to transform the country into a developed one by 2041.

State Minister Shahriar Alam put emphasis on involving the coastal people in developing the blue economy sector.

He called for united efforts to achieve competency in collecting ocean resources by using the experiences of other countries.

The economic zone has been extended after determination of maritime boundary with India and Myanmar, the state minister said, urging the people concerned to utilise the resources properly.

About 250 representative from home and abroad, including ministries of defence, home affairs, foreign affairs, environment and forest, are taking part in the conference.

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