Both countries enjoy cordial relations with intentions to expand them further.

Both Bangladesh and Panama have expressed deep interest in strengthening the bilateral economic activities between the two countries.

[2] In 2011, a Bangladeshi business delegation coordinated by the commerce ministry paid a visit to Panama to explore potential ways for expanding bilateral trade and investment.

[3] Former foreign secretary of Bangladesh Mohamed Mijarul Quayes paid an official visit to Panama City in 2011.

[6] In 2013, Bangladesh and Panama signed a bilateral agreement through which Bangladeshi seamen were granted job opportunities in Panama's shipping sector.