DHAKA, May 27, 2022 (BSS) - Portugal has attributed Bangladesh's success in dynamic development and remarkable economic growth under the leadership of Prime Minister Sheikh Hasina to the existing political stability prevailing in the country. 

This remark was made by Portuguese Minister of Economy and Sea Dr. Antonio Costa Silva while Bangladesh state minister for Foreign Affairs Md. Shahriar Alam paid a call on him in Lisbon on Thursday, a foreign ministry press release said here today. 

During the meeting, the state minister briefed the Portuguese Minister on Bangladesh's rapid rise in economic and social sectors in recent times. 

The Economic Minister lauded Bangladesh's remarkable economic growth and continued regional cooperation in its neighbourhood.

Recognizing that there remains considerable potential for cooperation between the two countries, he reiterated that Portugal stands ready to expand collaboration in the diverse areas spanning renewable energy, green transition, marine technology, ocean economy and so on. 

Bangladesh State Minister agreed to advance cooperation in these areas and sought Portugal's support for regional hydropower.

The minister acknowledged that, both Bangladesh and Portugal being coastal countries, face common existential threat from climate change and rising sea level, which makes it necessary to foster further climate cooperation.

In response, Alam apprised him about Bangladesh's leading role in Indian Ocean Rim Association and the International Seabed Authority and agreed to take forward Bangladesh-Portugal partnership in this regard. He also called for enhanced knowledge sharing and partnership in the areas of oceanography and maritime affairs.

The state minister asked for the Minister's attention to the difficulties experienced by the Bangladeshi visa applicants due to the mandatory requirement for physical presence in the Portuguese embassy in New Delhi and requested his intervention in simplifying the process by allowing a service provider to operate in Bangladesh.

The Minister acknowledged the importance of a simplified visa procedure to facilitate potential investors and business people of the two countries and agreed to look further into this matter.

On the trade and investment front, the Portuguese Minister expressed his desire to continue the ongoing cooperation in finalizing the Double Taxation Avoidance Agreement and suggested elaboration of an investment protection agreements.

To consolidate the existing partnership at the multilateral level, the Minister invited Bangladesh to participate in the upcoming 2nd UN Ocean Conference to be held from 27th June to 1st July in Portugal. 

The state minister confirmed the participation of a high-level Bangladesh delegation in the said conference.

The state minister was accompanied by Bangladesh Ambassador to Lisbon Tarik Ahsan and other officials.

Earlier in the day, Bangladesh State Minister visited Bangladesh Chancery and addressed the Bangladesh Embassy team, followed by paying tribute at the local Shaheed Minar.