Malaysia, Ethiopia explore wider economic cooperation across key sectors
NEW DELHI: Malaysia and Ethiopia are exploring wider economic cooperation in halal products, agriculture, food security, pharmaceuticals, digital services, renewable energy and tourism as both countries seek to turn closer diplomatic ties into commercial opportunities.
Malaysia and Ethiopia are exploring broader economic cooperation across key sectors, including halal products, agriculture, food security, pharmaceuticals, digital services, renewable energy, and tourism. This collaboration was discussed during Prime Minister Anwar Ibrahim's meeting with Ethiopian Prime Minister Dr. Abiy Ahmed Ali at the 18th BRICS Leaders Summit.
Potential areas of collaboration include Malaysia's expertise in the halal economy, which could support Ethiopia in halal products, certification, food processing, and related industries. Agriculture and food security are also seen as potential areas for closer cooperation, particularly in strengthening food supply resilience and agricultural productivity.
Additionally, partnerships in pharmaceuticals and digital services through business-to-business cooperation, technology partnerships, and knowledge exchange are being considered. Renewable energy and tourism are identified as areas with potential for deeper engagement, presenting opportunities for investment and technical cooperation.
The discussions are part of Malaysia's efforts to strengthen economic ties with African economies and identify new markets for Malaysian companies. The first Malaysia-Ethiopia Bilateral Consultation, scheduled for next year in Kuala Lumpur, aims to further develop these areas of cooperation and identify specific projects and commercial opportunities.
Brief written by urgent.news from New Straits Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
