The Bangladesh Nationalist Party (BNP) has unveiled an ambitious and visionary blueprint to catapult Bangladesh into a $1 trillion economic powerhouse by 2034, prioritising the creation of abundant job opportunities and championing sustainable investment.

In addition, the party has boldly showcased its goal to achieve a staggering $1 trillion GDP within the same timeframe, underscoring its commitment to driving unprecedented economic growth.

The party presented the outline at the Bangladesh Investment Summit at the Intercontinental Hotel on Wednesday.

In a series of pledges presented at the summit, the party stated that, if elected, it would generate an impressive 10 million jobs within the first 18 months of taking office.

The party also aims to raise the foreign direct investment-to-GDP (FDI/GDP) ratio from the current 0.45% to 2.5%.

The BNP’s economic roadmap also emphasises reforming tax collection by easing the burden of excessive taxes on citizens and eliminating the public's fear surrounding taxation.

The BNP has put forward 11 regulatory reforms aimed at making foreign direct investment (FDI) in Bangladesh more attractive to global investors.

These reforms encompass a dynamic range of initiatives, such as implementing the Bangladesh Investment Development Authority (BIDA), streamlining and modernising visa and work permit regulations, launching round-the-clock investor services, enabling seamless profit repatriation, leveraging locally skilled talent, enacting robust investor protection legislation, and accelerating infrastructure development, among other measures.

A delegation of BNP leaders, led by standing committee member Amir Khasru Mahmud Chowdhury, presented the party’s forthcoming economic plan at the summit.

In his message, BNP acting chairman Tarique Rahman said, “We stand at a time when unity should be the core value of the nation in order to shape its future…. Bangladesh stands at the crossroads of multilateral opportunities where it can shape its new future.”

“Today’s world is characterised by sudden changes in tariff structures. The shifts that are currently underway will redirect investments, route trade, and create new winners and losers in global commerce. I strongly believe Bangladesh will stand at this crossroads with clear vision and determination and emerge stronger in the end,” he added.

Tarique Rahman also emphasised that the party is committed to implementing comprehensive reforms to strengthen the country’s economy and boost investment.

These reforms involve a bold overhaul of the country’s bankruptcy legislation to ensure greater certainty and robust protection for investors, removing barriers to dividend repatriation for foreign stakeholders, fortifying laws and frameworks to safeguard both physical and digital assets, improving debt recovery mechanisms, establishing swift and streamlined exit routes for venture capital and private equity investors, and simplifying the regulatory framework for mergers and acquisitions.