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Pillar 2 Economics at the service of society
Objective Main policies Main targets
(...) (...) (...)
Stimulate productivity and competitiveness Increase electrical power generation from renewable energy sources from 68.8% to 90% by 2021.
for sustainable economic
growth through redistribution and mutual support. Guarantee an efficient, steady and safe supply of quality energy (...)
from diversified, efficient, sustainable and sovereign sources as an essential component of productive and social Increase the ratio of direct investment in the production sector to non-oil GDP,
in conditions that guarantee the inflow of foreign exchange, clean production processes,
technology transfer and job creation by 2021.

Bangladesh's climate-sensitive agricultural sector continues to make a significant, albeit steadily declining, contribution to the economy (13.7% of GDP in 2017/18), and accounts for a large portion of employment and rural income, and the expansion of exports. (...)

(...) In addition to several policies in place, the National Industrial Policy 2016 promotes, inter alia, sustainable and inclusive industrial growth, infrastructural transformation, and diversification of the economic base while focusing on CMSMEs. (...)

(...)The energy sector continued to rely largely on natural gas, and is becoming more dependent on imports; initiatives were undertaken to promote renewable energy and energy efficiency. Energy tariffs, prices and charges continue to be regulated, and state involvement remains in place in all energy related areas.(...)

Agriculture continues to play an important role in supporting economic growth, accounting for a large portion of employment and rural incomes, as well as a source for the expansion of exports. It is also a major contributor to sustained food, nutrition and livelihood security, with overall goals of achieving self-sufficiency in food production, reducing rural poverty, and fostering sustainable economic development. (...)

The contribution of agriculture, forestry and fisheries to GDP declined during the review period, from 17.1% in 2011/12 to 13.8% in 2017/18 (Table 1.2). This decline in the highly climate-sensitive agriculture sector was due to gradual loss of cultivable land (see below), despite higher crop intensity and the adoption and dissemination of new technology. (...)

(...)The objective of the current Plan is to sustainably intensify and diversify agricultural production to meet the nutritional needs of the increasing population. Its strategic goals include: intensifying production to address the caloric requirements of an increasing population; diversifying production to ensure balanced nutrition for all, and to maximize rural incomes; promoting the sustainability of the use of natural resources, for sustainable agricultural growth; and promoting adaptation to climate change of agro-food systems, to enhance the resilience of agriculture-based livelihood systems.

The National Agriculture Policy (NAP 2013) aims to improve food and nutrition security and quality of life for rural people, through increased productivity and agricultural diversification. Its specific objectives include: sustainability and profitability in agricultural production; (...), adaptability to climate change(...)

A draft of the National Agricultural Extension Policy (2012) has highlighted(...)adaption to climate change and development of specialized extension service for climatically-distressed areas; (...)

During the review period, average MFN tariff protection for agriculture increased from 17.8% in 2011/12 to 18.1% in 2018/19, and remains higher than the overall applied MFN average (14.8% in 2018/19) and the average for manufacturing (Table A3.1). According to the authorities, this increase was due to the characteristics of the sector (strongly linked with food security and vulnerability to climate change) and the need to maintain food security during adverse environmental emergencies. (...)