Iran’s Products: A New Opportunity for Malaysia
During a recent meeting of economic activists in Zanjan province, Khairi bin Omar highlighted the untapped potential for trade between Iran and Malaysia. Despite unfamiliarity with Iranian products in the Malaysian market, there are numerous similarities in the food sector that could pave the way for successful imports and exports.
The Bangladeshi ambassador to Iran, Manjurul Karim Khan Chowdhury, also emphasized the need for increased understanding and communication between economic actors from both countries. With Bangladesh importing pharmaceuticals, textiles, and minerals from Iran, there is a significant opportunity for growth beyond their current $100 million annual trade volume.
Zanjan province in Iran boasts a wealth of economic potential, particularly in the agriculture, copper, and handicraft sectors. With a focus on creating strong connections between importers and exporters, there is an opportunity for a dynamic economy between Iran and Bangladesh, facilitated by government support and private sector initiatives.