Bangladesh–Venezuela relations

Bangladesh–Venezuela relations

Bangladesh	Venezuela

Bangladesh–Venezuela relations are the bilateral relations between Bangladesh and Venezuela.

High level visits

In 2001, President Hugo Rafael Chavez became the first Venezuelan head of state to pay an official visit to Dhaka.

Cooperation in the international forums

Bangladesh and Venezuela have been supporting each other in various global forums. In 2006, Venezuela sought Bangladesh's support for its candidature at the United Nations Security Council election for a non-permanent seat. Bangladesh, in return, promised to give due consideration to the request. In 2014, Venezuela assured to support Bangladesh's candidature for Convention on the Elimination of All Forms of Discrimination against Women.

Cooperation in social sectors

Inspired by Bangladesh's successes in primary education, women’s empowerment, and child and maternal health sectors, Venezuela replicated many social programs of Bangladesh to improve its social indicators. Government of Venezuela has also adopted the microcredit programs of Bangladesh-based Grameen Bank to help eradicate poverty.

Economic cooperation

Both the countries have expressed their interest to strengthen the bilateral economic ties. The need for exchange of business delegations between the two countries have been stressed to explore potential areas for bilateral trade and investment. The energy sector have been identified as a potential field for extensive economic cooperation between Bangladesh and Venezuela. Bangladesh has also sought direct investment from Venezuelan enterprises.