Bangladesh's 'Halal Economy' has the potential to emerge as a new avenue for export diversification and strengthen the country's position in the global market, speakers said at a workshop titled 'Halal Export Diversification', organised by the Bangladesh Chamber of Industries (BCI) in Dhaka. The workshop highlighted the need for a unified halal authority, internationally recognised certification and testing systems, and coordinated policy initiatives to significantly increase halal exports.
FAQs on Bangladesh's Halal Economy Potential
{"question":"What is the current state of Bangladesh's halal exports?","answer":"Halal product exports currently stand at only US$850 million, despite the sector's enormous potential."}
{"question":"What opportunities does the global halal market offer?","answer":"The global halal market was estimated at US$3.3 trillion in 2025 and is projected to grow to US$9.45 trillion by 2034."}
{"question":"What steps are recommended to boost Bangladesh's halal exports?","answer":"Recommendations include establishing a unified halal authority, ensuring Shariah compliance and health standards, setting up internationally accredited testing laboratories, and strengthening research and development."}
{"question":"How can Bangladesh leverage its Muslim-majority status in the halal market?","answer":"Bangladesh should establish itself internationally as a trusted 'Halal Brand' by leveraging its Muslim-majority status and meeting global demand for halal products."}
