Bangladesh yet to explore halal market in Middle East

Published 2021년 10월 28일

Tridge summary

A webinar during the Bangladesh Trade and Investment Summit 2021 highlighted the need for Bangladesh to increase its presence in the Middle Eastern halal food and clothing markets. The summit called for investments in Bangladesh's farming and food processing sectors, improved diplomatic relations, and the formation of a Bangladesh-UAE business council. The UAE is interested in expanding business ties and investing in Bangladesh's halal food production. However, barriers to trade cooperation include the lack of diversification in export products, unskilled labor, limited infrastructure for the halal market, and the absence of free trade agreements.

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Original content

The country has not yet exploited the potential of halal food and clothing markets in the Middle East, other than exporting unskilled manpower, participants of an investment conference said on Thursday. They emphasised building infrastructure and making investments in farming and food processing in Bangladesh apart from enhanced diplomatic engagement with the Middle Eastern countries like the UAE to increase trade and investment. Addressing a webinar as part of the Investment Summit, DrMashiurRahman, Economic Affairs Adviser to the Prime Minister, urged the entrepreneurs from the Middle East to invest in Bangladesh taking advantage of the country’s stable economy and available labour force. He suggested a chamber-to-chamber collaboration to boost trade identifying areas of cooperation and making investments. The webinar on “Shaping business landscape: economic cooperation of the Middle East and Bangladesh” was organised on the third day of ‘Bangladesh Trade and Investment Summit ...

Source: The Financial Express