Malaysia, Japan Sign Halal Cooperation Deal
The agreement was signed Monday by Malaysia’s Entrepreneur Development Minister Mohd Redzuan Yusof and Japanese Economy, Trade and Industry Minister Hiroshige Seko.
Mohd Redzuan, is on a three-day working visit to Japan, said the cooperation sent a strong signal on the seriousness of both countries in realizing a win-win collaboration.
He said this also showed both countries’ commitment to further open their markets to each other in spite of the rising protectionism sentiment in the global market, Bernama reported.
“The platform will be the most effective way of promoting Malaysian halal products and services using the proper structure of government-to-government partnership.
“This is also in line with the National Entrepreneurship Framework which was recently unveiled to help scale up entrepreneurs to ‘internationalize’ through the platforms established with other countries,” he said in a statement today.
Mohd Redzuan said the global halal industry was growing at a remarkable rate from approximately US$2.3 trillion (RM9.6 trillion) in 2012 and was expected to almost triple to US$6.4 trillion this year.
“Furthermore, the huge and growing number of Muslims, which currently constitute around 24.4 per cent of the world’s population ensures steady demand for halal products and services,” he added.
As one of the key initiatives under the memorandum, Malaysia would organise a Halal Expo from Jan 24-26, 2019 in Kuala Lumpur.
The showcase is expected to be officiated by Malaysian Prime Minister Mahathir Mohamad.
