Economic diplomacy: A conduit for Bangladesh's vision 2041

Since my assumption of the Office of the Foreign Minister of Bangladesh, I, in fact, am bestowing special emphasis on economic diplomacy. In order to achieving Bangabandhu Sheikh Mujibur Rahman's dream of Sonar Bangla by 2041, Hon'ble Prime Minister has outlined few roadmaps; and to help achieving those roadmaps, we have introduced two packages. One is Economic Diplomacy package and the other is Public Diplomacy package, and they reinforce each other. This event is indeed a timely initiative, also in the context that the global recovery from Covid is being made difficult by the ongoing Ukraine crisis. The crisis has shown us that, in today's interconnected world, an event anywhere affects everyone everywhere. The architect of independent Bangladesh and Father of the Nation Bangabandhu Sheikh Mujibur Rahman very well understood the importance of economic diplomacy. For a war-ravaged country, the first challenge was to achieve recognition from the international community and rebuild the economy to feed 75 million people. During that cold war era, Bangabandhu manoeuvred his foreign policy to forge a bipartisan position in matters related to international politics enabling Bangladesh to trade with both the worlds. In fact, it was due to his astute economic diplomacy that in only a period of three years- from 1972 to 1975, Bangladesh's Gross Domestic Product (GDP) per capita almost tripled from $94 to $278 (Source: World Bank). Never did in our history we experienced such rapid development in such a short span of time. What is Economic Diplomacy? Economic Diplomacy package has five components and these are: (1).More foreign investment, (2) More trade and export diversity, (3) Gainful employment of human resources both at home and abroad, (4) Transfer of technology, and (5) Quality services to Bangladeshi Diaspora and to others. While our government agencies and officials will portray the success stories of Bangladesh and its potentials and opportunities, our Public Diplomacy package is designed so that global leaders, academicians, Think Tank, CEOs, MDs of credible organisations reiterate the narrative of Bangladesh's achievements and potentials. 

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