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G-77 ministers’ meet in Bolivia Nov 28 BD to seek strong partnership

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Staff Reporter
Bangladesh will seek initiatives to have a strong partnership among member states for the benefit of developing nations through ensuring governance of natural resources in the Group 77 meeting to be held Tarija, Bolivia on November 28-29.
Industries Minister Amir Hossain Amu is scheduled to leave here for Bolivia on Wednesday night to attend the meeting of the Ministers on Governance of Natural Resources and Industrialization of the Group 77, said a senior official at the Industries Ministry.
Bolivia and China are jointly organizing the event in cooperation with the United Nations Industrial Development Organization (UNIDO) to analyze development challenges in the sector and the management of natural resources.
Industries, Finance; and Energy and Mineral Resources Ministers of G-77 will participate in the meeting.
The ministers will discuss how natural resources can be explored, utilized and managed properly apart from taking policies for rapid industrialization.
Industries Minister Amu will highlight government steps taken so far for protecting and using the existing natural resources.
He will also call upon the G-77 countries to formulate policies and related laws on priority basis for the proper utilization of natural resources.
According to organizers, the meeting will discuss the management of natural resources and sustainable development, income derived from natural resources and redistribution, property rights, and international negotiations and arbitrage.
Also to be discussed at the forum are structural change and diversification based on natural resources, the impact of the industrialization of natural resources on local development and how this issue affects industrialization models.
The G77 bloc plus China includes 133 countries and they met last June in the Bolivian city of Santa Cruz to commemorate the group’s 50th anniversary and discuss a post-2015 international development agenda.
The countries that have confirmed they will attend the gathering include Argentina, Bangladesh, Burkina Faso, Colombia, Chile, Ecuador, Haiti, Lesotho, Madagascar, Malaysia, Morocco, Nepal, Senegal, Tanzania, Uruguay, Venezuela and Zambia.