BID TO SHORE UP HALAL EX­PORTS

Project to fa­cil­i­tate move­ment of prod­ucts to China, Bel­gium and Dubai ports

New Straits Times - - Business - AMIR HISYAM RASID KUALA LUMPUR bt@me­di­aprima.com.my

LO­CAL ex­porters of halal prod­ucts will be gain­ing ac­cess to more mar­kets in Asia, Europe and Africa and at a lower cost as a hub-to-hub project is un­der­way to fa­cil­i­tate the move­ment of such goods from North­port to ports in China, Bel­gium and Dubai.

Halal In­dus­try De­vel­op­ment Corp (HDC) chief ex­ec­u­tive of­fi­cer Datuk Seri Jamil Bidin said a sign­ing cer­e­mony would take place in China next month, which would see the in­clu­sion of Tian­jin Port in the project.

This ini­tia­tive was in line with the goal of build­ing up Malaysian ex­ports through a larger halal mar­ket­place, said Jamil, adding that halal ex­ports had a lot room to grow.

He is con­vinced that halal ex­ports will con­tinue to grow sig­nif­i­cantly and boost Malaysia’s to­tal ex­ports.

“There is still a large gap be­tween the sup­ply and de­mand of halal prod­ucts.

“The lat­est halal ex­port fig­ure of RM42 bil­lion is still small con­sid­er­ing the 1.8 bil­lion Mus­lim pop­u­la­tion in the world. Malaysia should cap­i­talise on this,” he told NST Busi­ness.

It is fore­cast that by 2020, Malaysia’s an­nual halal ex­ports would ex­ceed RM50 bil­lion.

Jamil said HDC also had plans to ride on China’s “One Road One Belt” strat­egy to gain ac­cess to other coun­tries.

He said HDC would con­tinue to pro­mote the halal in­dus­try in Ja­pan, the Mid­dle East and North Africa.

“We are in a good po­si­tion to help them de­velop the in­dus­try,” added Jamil.

Newspapers in English

Newspapers from Malaysia

© PressReader. All rights reserved.