Malaysia And Bangladesh Can Jointly Produce Halal Products For Fast-growing Global Market
By Kisho Kumari Sucedaram
KUALA LUMPUR, Aug 15 (Bernama) — Bangladesh has invited Malaysian investors to expand their halal production facilities in the South Asian country and jointly penetrate the fast-growing global halal market.
'By combining our resources, the halal sector would be a natural area for increased partnership between Dhaka and Putrajaya,' the Bangladesh Government's Chief Adviser Prof Dr Muhammad Yunus said in an exclusive interview with Bernama at the end of this three-day official visit to Malaysia.
He was here on the invitation of Prime Minister Datuk Seri Anwar Ibrahim between Aug 11 and 13.
He noted that Malaysia's expertise in halal certification and branding and Bangladesh's abundant land, labour and facilities would be a potent combination to scale up production.
'This positions both countries well to meet the demand for halal products in international markets,' he said.
The interview was led by Bernama Editor-in-Chief Arul Rajoo Durar Raj, together with Editor of International News Service Voon Miaw Ping and Assistant Editor of Bernama Economic Service Kisho Kumari Sucedaram.
Yunus said the halal market is not confined to Bangladesh or Malaysia, but constitutes the global market, alluding to the consumer base for halal products based on the two billion Muslim population globally.
According to Future Market Insights Inc.'s projections, the global halal food market is expected to grow from US$1.5 trillion in 2025 to US$3.8 trillion by 2035.
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