Bilateral relations between Switzerland and Venezuela are good, but not particularly well-developed.

Political consultations involving the Head of the FDFA’s Americas Division have yet to take place. However, Switzerland and Venezuela have concluded bilateral agreements on investment protection, double taxation and aviation.

In 2011, Switzerland imported goods – primarily agricultural products and metals – worth 6.3 mln. CHF The value of Swiss exports – primarily pharmaceuticals, machinery and precision instruments – totalled 374.3 mln. CHF
In 2010 Swiss direct investments stood at 2,061 bn CHF and around 11,300 people in Venezuela were employed by Swiss firms.

Scholars and artists from Venezuela can apply to the State Secretariat for Education and Research (SER) for a Swiss Government Excellence Scholarship.

At the beginning of 2012, there were 1,780 Swiss nationals living in Venezuela.

Switzerland opened an honorary consulate in the capital Caracas in1909. In 1939, it opened a diplomatic representation (first a legation and from 1961 onwards an embassy). A Swiss-Venezuelan Chamber of Commerce was set up in 1979.