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Bangladesh–Philippines relations

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Bangladesh-Philippines relations
Map indicating locations of Bangladesh and Philippines

Bangladesh
Philippines

Bangladesh–Philippines relations refer to the bilateral relations between Bangladesh and Philippines.[1]

History

The Philippines recognized Bangladesh on 24 February 1972, and establish diplomatic ties. It was one of the first countries to recognise Bangladesh after its Independence in 1971.[2] Bangladesh has a resident embassy in the Philippines and the Philippines has a resident ambassador in Bangladesh.[3][4] Bangladesh opened an embassy in the Philippines in 1981.[5]

Economic relations

Bangladesh imported goods worth US$78.22 million and imported goods from the Philippines worth 19.32 million 2013-2014 fiscal year.[6] Bangladesh is the third largest trading partner of the Philippines in South Asia.[7] On February 2016, US$81 million was stolen from Bangladesh Bank and was laundered through a bank in the Philippines.[8][9] The Philippines has repatriated 15 million dollar of the stolen money.[10]

References

  1. ^ "PH sees expanded trade with Bangladesh". The Manila Times Online. Retrieved 25 April 2017.
  2. ^ "Bangladesh Embassy in Manila, Philippines". bangladeshembassymanila.org. Archived from the original on 18 April 2017. Retrieved 25 April 2017.
  3. ^ "John Gomes new envoy to the Philippines". The Daily Star. 4 October 2012. Retrieved 25 April 2017.
  4. ^ "FBCCI stresses more Filipino investment in Bangladesh". The Daily Star. 17 April 2014. Retrieved 25 April 2017.
  5. ^ Rashid, Harun ur. Foreign Relations of Bangladesh. Rishi Publications. p. 125. ISBN 9788185193250. Retrieved 25 April 2017.
  6. ^ "Trade ties with Philippines to be strengthened". The Daily Star. 27 February 2015. Retrieved 25 April 2017.
  7. ^ Wadhva, Charan D.; Asher, Mukul G. ASEAN-South Asia Economic Relations. Institute of Southeast Asian Studies. p. 116. ISBN 9789971902988. Retrieved 25 April 2017.
  8. ^ "Bangladesh envoy: Bangladesh-PH relations not affected by money laundering scandal". CNN. Retrieved 25 April 2017.
  9. ^ "Philippine bank says it preserves ties with big U.S. banks despite heist role". Reuters. 10 August 2017. Retrieved 25 April 2017.
  10. ^ "BB gets back $15m of stolen money from Philippines". The Daily Star. 13 November 2016. Retrieved 25 April 2017.
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