The Iranian official said that despite the 15 percent increase in trade between the two countries in 2010 the level of trade is low compared to other states.
He noted that Iran could be a gateway for Malaysia in western Asia, central Asia and Caucasia, while Kuala Lumpur could be a path for Tehran to enter Southeast Asia.
The chairman of the Iranian chamber of commerce said that Islamic states must devise a standard for Halal food and Iran and Malaysia can cooperate in this regard.
Syed Ali Mohamed Al-Attas expressed his contentment with the meeting and said the Malaysian National Chamber of Commerce and Industry was willing to use all its capacity to develop trade and economic relations with the Islamic Republic.
Meanwhile on November 24-25 in Kuala Lumpur, Nahavandian took part in a conference on Trade Opportunities and Halal Export in Iran and West Asian States.
Representatives from west Asia and over 20 top Iranian trade firms introduced their markets’ capacities in this conference.
“Foodstuff, medicine, cosmetics, tourism and banking, add up to $2.3 trillion in halal business,” Nahavandian said, IRIB reported.
He stated that Iran-Malaysia cooperation will lead to more jobs and a common Islamic market.
“The Malaysian government has taken action by encouraging and granting financial exemption for expanding halal marketing,” he pointed out.
Nahavandian explained that Iran has been able to establish halal certificate agencies in ten countries, and added, “The next stage is to issue certificates and monitor them.”