World Library  
Flag as Inappropriate
Email this Article

Bangladesh–Chile relations

 

Bangladesh–Chile relations

Bangladesh-Chile relations
Map indicating locations of Bangladesh and Chile

Bangladesh

Chile

Bangladesh–Chile relations refer to the diplomatic relations between People's Republic of Bangladesh and Republic of Chile. Both the countries are members of Group of 77 and Non-Aligned Movement.

High level visits

In 2011, former foreign secretary of Bangladesh Mohamed Mijarul Quayes paid an official visit to Chile.[1]

Economic cooperations

Bangladesh and Chile have always expressed their interest to expand the bilateral trade between the two countries.[2] Because of its strategic location, Chile has been identified as an important market for the expansion of Bangladeshi products in Latin America. Many Bangladeshi companies have entered the Chilean market, the most prominent being Beximco Pharmaceuticals which, after entering the Chilean market, became the first Bangladeshi pharmaceutical company in 2008 to obtain product registration in any Latin American country.[3]

According to a report published by Chilean foreign ministry's General Directorate of International Economic Relations in 2012, Bangladesh was among the leading Asian destinations for Chilean investment.[4]

In 2013, Chile granted duty-free and quota-free access to the Bangladeshi products in order to strengthen bilateral trade between the two countries. The bilateral trade between the two countries stands at $30.37 million as of June 2013, with all of the trade accounting for Bangladeshi export to Chile. About 93% of the Bangladeshi export to Chile was of textiles and ready made garments. The rest included jute yarn, jute fabrics, foot wears, caps and pharmaceuticals products.[5]

References

  1. ^ http://chileabroad.gov.cl/blog/noticias/2011/08/04/subsecretario-schmidt-se-reune-con-autoridades-de-mauricio-y-bangladesh/
  2. ^ http://bdnews24.com/bangladesh/2005/08/17/chile-keen-to-strengthen-economic-ties-with-bangladesh
  3. ^ http://archive.thedailystar.net/newDesign/print_news.php?nid=58784
  4. ^ http://www.lasegunda.com/noticias/economia/2012/06/752641/inversion-chilena-en-asia-alcanza-los-us-443-millones-en-20-anos
  5. ^ http://www.dhakatribune.com/economy/2013/nov/04/commerce-ministry-assess-official-trade-tours
This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and USA.gov, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for USA.gov and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
 
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
 
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.
 


Copyright © World Library Foundation. All rights reserved. eBooks from Project Gutenberg are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.