Switzerland recognized Bangladesh as an independent country on 13 March 1972. Switzerland has a resident ambassador in Dhaka, Bangladesh and Bangladesh also has an embassy with a resident ambassador in Geneva, Switzerland. Swiss Confederation President Alain Berset visited Bangladesh in February 2018.
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. Bangladeshi nationals had about 550 million Swiss Francs in Banks in Switzerland as off 2016 In 2017 Swiss investment in Bangladesh increased by 17 percent. The Swiss government plans to encourage Swiss investment in Climate Change technology in Bangladesh.
Bangladesh Club Geneva (BCG) has been working to make a good tie between Bangladesh and Geneva, in broad with Switzerland.