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DCCI hails PM for victory in ITLOS [ Stock & Corporate ] 2012-03-23
DCCI hails PM for victory in ITLOS
Dhaka Chamber of Commerce & Industry (DCCI) Wednesday hailed the Prime Minister Sheikh Hasina for wining maritime boundary claim over Myanmar.

In a statement, the trade body said it is an example of diplomatic acumen and farsightedness of the present government.

DCCI President Asif Ibrahim praised the present government's continuous efforts to get the verdict in favour of Bangladesh and said it is a big achievement for the country.

He also said the government should take initiatives to maximise the use of the most of the natural resources in the sea and give an impetus to the country's trade and economy to achieve the goal of becoming a middle-income country by 2021 and 30th largest economy by 2030.

The International Tribunal for the Law of the Sea (ITLOS) based in Hamburg, Germany on March 14, 2012 delivered its judgment in favour of Bangladesh in the dispute concerning the delimitation of the maritime boundary of 200 nautical miles as its Exclusive Economic Zone (EEZ) between Bangladesh and Myanmar in the Bay of Bengal.

The verdict paved the way for establishing Bangladesh's rights over the offshore blocks of mineral resources claimed by Myanmar and also will have a positive impact on reaching a just solution to her maritime boundary conflict with India.
 

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