Bangladesh–Philippines relations

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

Bangladesh-Philippines relations

Bangladesh
Philippines

History

The Philippines recognized Bangladesh in 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]

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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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