Halal Industry Master Plan 2030 Launched in Malaysia
Malaysia aims to become a key player in the global halal market.
Speaking at the launch, Malaysian Deputy Prime Minister Ahmad Zahid Hamidi, who is also Chairman of the Malaysian Halal Development Council, said the plan’s theme of “Prominent, Visible and Globalized Halal Malaysia” represents the country’s target of promoting comprehensive growth and developing a robust halal industry ecosystem with more products and services to support future growth.
He said one of the priorities for 2023 of the Ministry of International Trade and Industry (MITI), the strategic driver for the HIMP 2030, is to expand trade for which halal goods and services could play a more prominent role.
The official noted via the HIMP 2030, Malaysia expects its halal industry will reach 113.2 billion USD by 2030 and contribute 8.1% to the GDP by 2025. The plan set up 23 initiatives, seven strategic thrusts, and five key target outcomes.
Malaysia’s halal exports continued growing in 2022, by 63.8% year on year to 59.46 billion RM (13.4 billion USD).
Food and beverages remain the main contributors to the country’s Halal economy with 27.84 billion RM in export value, equivalent to 46.8% of total halal exports.
They were followed by halal ingredients, the cosmetics and personal care sector, palm oil derivatives, and the industrial chemical sector, according to MITI.
Source: en.vietnamplus.vn
