User login

Departing Swiss Ambassador Christian Martin Fotsch paid a farewell call

Departing Swiss Ambassador Christian Martin Fotsch paid a farewell call on State Minister for Foreign Affairs Md. ShahriarAlam, MP today at latter’s office.

Expressing satisfaction on exchange of letters by two Foreign Ministers to commemorate the 45th anniversary of the establishment of diplomatic relations between the two countries earlier this year, the Swiss Ambassador expressed happiness at the ongoing cordial bilateral relations. They discussed different aspects of bilateral relations including trade and investment, future GSP Plus facilities and cooperation in international fora etc.

During the meeting, referring to discussions that were held in the national parliament yesterday and related published news reports/items on the rising deposits by Bangladeshis in Swiss banks, the Ambassador revealed that latest rise of deposits were contributed by increased accumulation of assets of Bangladeshi banks, through different financial instruments, not by ‘individuals’. In this regard Ambassador Fotsch shared that in 2017 Switzerland has introduced the automatic exchange of information (AEOI) with 38 states and territories: all EU member states and Gibraltar, Australia, Iceland, Norway, Guernsey, Jersey, Isle of Man, Japan, Canada and the Republic of Korea. The first data will be exchanged with these partners in 2018. Further on 16 June 2017, the Swiss Federal Council adopted the dispatch on the introduction of the AEOI with 41 states and territories based on the Multilateral Competent Authority Agreement (MCAA), the Ambassador disclosed. The Ambassador further conveyed that Bangladesh may enter into discussions with Switzerland to sign similar agreement with a view to ensure more transparency in this regard.

Ambassador Fotsch expressed gratitude for extending all out support by him and also by the Ministry during his tenure. State Minister Alam congratulated the Ambassador for successful completion of his assignment in Dhaka and wished continued success in his career.

Media Type: 
Publish Date: 
Tuesday, July 11, 2017