BNP Reveals $1 Trillion Vision Plan for Bangladesh by 2034

BNP Unveils Ambitious $1 Trillion Economic Vision for Bangladesh by 2034

The Bangladesh Nationalist Party (BNP) has rolled out a bold and forward-looking economic plan aimed at transforming Bangladesh into a $1 trillion economy by 2034. Central to this vision are the creation of widespread job opportunities and the promotion of sustainable investment.

Unveiled at the Bangladesh Investment Summit held at the Intercontinental Hotel on Wednesday, the party’s economic roadmap highlights a commitment to achieving a $1 trillion GDP within the next decade—marking a significant leap in the country’s economic ambitions.

Among its key pledges, the BNP announced that, if elected, it would create 10 million jobs within the first 18 months of assuming office. The party also aims to increase the foreign direct investment-to-GDP (FDI/GDP) ratio from the current 0.45% to 2.5%, demonstrating a strong focus on attracting global capital.

A major pillar of the plan is tax reform, with a promise to reduce the tax burden on citizens and address widespread apprehension surrounding tax compliance.

To attract and retain foreign investors, the BNP proposed 11 regulatory reforms. These include operationalising the Bangladesh Investment Development Authority (BIDA), simplifying visa and work permit processes, providing 24/7 investor services, ensuring smooth profit repatriation, utilising local skilled labour, enacting robust investor protection laws, and accelerating infrastructure development.

The BNP delegation, led by standing committee member Amir Khasru Mahmud Chowdhury, presented the blueprint at the summit.

In a statement, BNP acting chairman Tarique Rahman emphasised the need for national unity to shape Bangladesh’s future. He noted, “Bangladesh stands at the crossroads of multilateral opportunities where it can shape its new future.”

Rahman also underscored the volatility of global trade due to shifting tariff regimes and stressed that Bangladesh must respond with clarity and resolve to position itself advantageously in the global economy.

The party's reform agenda includes overhauling bankruptcy laws to ensure investor confidence, removing restrictions on dividend repatriation, strengthening protection for physical and digital assets, improving debt recovery processes, streamlining exit strategies for venture capital and private equity investors, and simplifying regulations for mergers and acquisitions.