PM seeks Italian expertise to tap ‘Blue Economy’ potential

United News of Bangladesh . Dhaka

The prime minister, Sheikh Hasina, on Thursday sought Italian expertise to tap the huge potentials of Bangladesh’s ‘Blue Economy’.
Hasina made the request when deputy foreign minister of Italy Sen Benedetto Della Vedove met her at Ganabhaban in the evening.
Briefing reporters after the meeting, PM’s press secretary AKM Shameem Chowdhuri said the prime minister at the meeting highlighted that the ‘Blue Economy’ could be a new avenue of cooperation between Italy and Bangladesh for exploiting offshore oil, gas, fisheries and other mineral resources.
Following her request of sending experts from Italy to enrich the ‘Blue Economy’ concept, the Italian deputy foreign minister said they can organise a visit of an Italian expert team to work on Bangladesh’ s ‘Blue Economy’.
During the meeting, Hasina and Vedove discussed issues relating to bilateral interests and matters to further strengthen the economic relationship of the two countries.
The Italian deputy foreign minister extended an invitation to the prime minister for attending the inaugural session of the Upcoming Expo at Milan in Italy in May next which would continue from May 1, 2015 to October 31, 2015.
He said some 1.20 lakh Bangladeshi expatriates were now living in Italy and they were very peaceful, hardworking as well as contributing much to the Italian economy.
The prime minister said Bangladesh attaches importance to its relationship with Italy since the country made good exports to Italy like RMG items, household linen, ceramic ware, leather footwear, jute and jute-made goods. There was a scope for further boosting the country’s exports to Italy, she added.
To ensure Bangladesh’s rapid development and meet the demand of its people and thus create more employment opportunities, Hasina said, Bangladesh needs more investment from Italy while more Italian entrepreneurs could come and invest in Bangladesh.
Since the market was expanding, there is always a scope for more investment potentials, she said.
The Italian deputy foreign minister said the economic partnership between Bangladesh and Italy could be boosted further as Italy is interested in transferring of green technology to Bangladesh.
He said his country wants to reduce the trade gap between Bangladesh and Italy while the investment could be made in newer technology or technology transfer with a win-win move since labour in Bangladesh is cheap and affordable.
Vedove also emphasised holding bilateral business entrepreneurship exchange.
PM’s international affairs secretary Gowher Rizvi and PMO secretary Suraiya Begum were, among others, present.

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