Bangladesh is one of only three nations to maintain a residential embassy in Thimphu. Bhutan was the first country in the world to recognize Bangladeshi independence in 1971. The two states have agreed to develop hydropower in the Himalayas, as well as initiate free trade and transshipment through Bangladeshi ports. They also cooperate in water resources management. Both Bhutan and Bangladesh are members of SAARC and BIMSTEC.
Bangladesh is one of only three nations to maintain a residential embassy in Thimphu. Bhutan was the first country in the world to recognize Bangladeshi independence in 1971. The two states have agreed to develop hydropower in the Himalayas, as well as initiate free trade and transshipment through Bangladeshi ports. They also cooperate in water resources management. Both Bhutan and Bangladesh are members of SAARC an.d BIMSTEC.