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Between Ukraine and Bangladesh
04 June 2021 10:48

THE PEOPLE'S REPUBLIC OF BANGLADESH

1. Recognition of Ukraine: December 29, 1991

2. Establishment of t diplomatic relations: February 24, 1992

3. Political relations:

Political contacts

Meetings at the highest level:

September, 2000 – meeting between the President of Ukraine and Prime Minister of the People`s Republic of Bangladesh on the sidelines of the Millennium Summit (New York, USA).

Meetings between the Ministers for Foreign Affairs of Ukraine and Bangladesh:

September, 1999 – meeting between the Minister for Foreign Affairs of Ukraine and Minister of Foreign Affairs of the People`s Republic of Bangladesh on the sidelines of the 54th Session of the General Assembly of the United Nations (New York, USA).

September, 2002 – meeting between the Minister for Foreign Affairs of Ukraine and Minister of Foreign Affairs of the People`s Republic of Bangladesh on the sidelines of the 57th Session of the General Assembly of the United Nations (New York, USA).

September, 2011 – meeting between the Minister for Foreign Affairs of Ukraine and Minister of Foreign Affairs of the People`s Republic of Bangladesh on the sidelines of the 66th Session of the General Assembly of the United Nations (New York, USA).

Visits at the Ministerial level:

March, 2011 – official visit of the Minister of Food and Disaster Management of the People`s Republic of Bangladesh to Ukraine.

August, 2011 - official visit of the Minister of Agrarian Policy and Food of Ukraine to Bangladesh.

October, 2011 - official visit of the Minister of Industries of the People`s Republic of Bangladesh to Ukraine.

August, 2014 – official visit of the Minister of Food and Disaster Management of the People`s Republic of Bangladesh to Ukraine.

August, 2015 - official visit of the First Deputy Minister of Agrarian Policy and Food of Ukraine to Bangladesh.

January, 2017 – meeting between the First Vice Prime Minister – Minister of Economic Development and Trade of Ukraine and Minister of Commerce of the People`s Republic of Bangladesh (Visakhapatnam, India).

December, 2017 – meeting between the First Vice Prime Minister – Minister of Economic Development and Trade of Ukraine and Minister of Commerce of the People`s Republic of Bangladesh on the sidelines of the 11th WTO Ministerial Conference (Buenos Aires, Argentina).

September-October, 2019 - official visit of the Chairman of the State Migration Service of Ukraine to Bangladesh.

Political consultations:

February, 2010 - the first round of the Ukrainian-Bangladeshi political consultations chaired by the Deputy Ministers for Foreign Affairs of Ukraine and the People`s Republic of Bangladesh.

3. Ukraine-Bangladesh Bilateral Trade

Dynamics in bilateral trade between Ukraine and Bangladesh is generally characterized by a stable upward trend. At the same time, in 2020, due to Covid-19 pandemic of bilateral trade decreased by 18.2% and amounted to 455.8 million USD (539.1 million USD in 2019). Exports of goods from Ukraine amounted to 358.2 million USD, imports - 97.6 million USD. Ukraine had a surplus in goods trade of 260.6 million USD. The top commodities exported by Ukraine to Bangladesh were cereals (88.4% of the total volume of goods exported to Bangladesh in 2020). Main Bangladeshi commodities imported by Ukraine were knitwear (43.9%) and textiles (40.5%).

Dynamic of the Development of Trade between Ukraine and Bangladesh 

(million USD)

Indicators

2014

2015

2016

2017

2018

2019 

2020

Trade Turnover

220,9

261,0

385,5

441,9

301,7

539,0

455,8

Export

152,9

207,0

327,5

371,8

218,2

442,7

358,2

Import

68,0

54,0

58,0

70,1

83,5

96,3

97,6

Balance

+84,9

+153,0

+269,5

+301,7

+134,7

+346,4

+260,6


4. Legal Basis of bilateral relations

The Legal and Treaty basis of the bilateral relations between Ukraine and the People`s Republic of Bangladesh consists of 4 international treaties in force.

International treaties in force:

1. Protocol on the Establishment of Diplomatic Relations between Ukraine and the People`s Republic of Bangladesh.

2. Agreement between the Cabinet of Ministers of Ukraine and the Government of the People`s Republic of Bangladesh on Trade and Economic Cooperation.

3. Protocol on political consultations between the Ministry of Foreign Affairs of Ukraine and the Ministry of Foreign Affairs of the People`s Republic of Bangladesh.

4. Memorandum between the Ministry of Agrarian Policy and Food of Ukraine and the Ministry of Food and Disaster Management of the People`s Republic of Bangladesh on cooperation in suppling of certain types of agricultural products.

5. Diplomatic mission of Ukraine:

Embassy of Ukraine in the Republic of India

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