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Bangladesh–Switzerland relations

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Bangladesh-Switzerland relations
Map indicating locations of Bangladesh and Switzerland

Bangladesh
Switzerland

Bangladesh–Switzerland relations refer to the bilateral relations between Bangladesh and Switzerland.[1][2]

History

Switzerland recognized Bangladesh as an independent country on 13 March 1972 and established diplomatic ties between both countries.[3] Switzerland has a resident ambassador in Dhaka, Bangladesh.[4] Bangladesh has an embassy with a resident ambassador in Geneva, Switzerland.[5] The two countries hold regular political consultations between their foreign ministries since 2013.[3]

Swiss Confederation President Alain Berset visited Bangladesh in February 2018.[1] The Swiss Arts Council Pro Helvetia is a partner of the Dhaka Art Summit.[6]

Economic relations

From 2010 to 2016, trade between Bangladesh and Switzerland more than doubled. In 2016 bilateral trade was worth 591.5 million Swiss franc. Major exports of Switzerland to Bangladesh are chemicals, textile machines, and pharmaceuticals. Readymade garments and textiles make up 90 percent of Bangladesh's export to Switzerland. There are around 100 Swiss companies operating in Bangladesh.[7][8] Bangladeshi nationals had about 550 million Swiss Francs in Banks in Switzerland as off 2016.[9] In 2017 Swiss investment in Bangladesh increased by 17 percent. The Swiss government plans to encourage Swiss investment in Climate Change technology in Bangladesh.[10]

References

  1. ^ a b "Switzerland wants to see peace, economic growth in Bangladesh". Dhaka Tribune. United News Bangladesh. 7 February 2018. Retrieved 3 June 2018.
  2. ^ "Bangladesh, Switzerland celebrate 45-year of friendship". banglanews24.com. Retrieved 3 June 2018.
  3. ^ a b "Bangladesh, Switzerland relations going from 'strength to strength'". bdnews24.com. Retrieved 3 June 2018.
  4. ^ "Switzerland favours improving investment climate in Bangladesh". The Financial Express. Retrieved 3 June 2018.
  5. ^ "Welcome to Permanent Mission of Bangladesh in Geneva". genevamission.mofa.gov.bd. Retrieved 3 June 2018.
  6. ^ "Swiss President arrives Sunday in first Bangladesh trip". The Daily Observer. Retrieved 3 June 2018.
  7. ^ "Bangladesh Switzerland Economic Relations". eda.admin.ch. Retrieved 3 June 2018.
  8. ^ "Bangladesh: an attractive spot for Swiss investment". The Daily Star. 6 May 2013. Retrieved 3 June 2018.
  9. ^ Byron, Rejaul Karim; Rahman, Md Fazlur (1 July 2016). "Deposits of Bangladeshis Tk 4,423cr". The Daily Star. Retrieved 3 June 2018.
  10. ^ "Switzerland for improving investment climate in Bangladesh". The Daily Star. 12 November 2017. Retrieved 3 June 2018.
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