Home Business Malaysia Halal Industry can grow further – MATRADE

Malaysia Halal Industry can grow further – MATRADE

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KUALA LUMPUR, June 17 – Malaysia’s halal industry has room to grow further with various programmes organised by the government to boost trade for the industry.

halalMalaysia External Trade Development Corp (Matrade) chief executive officer Datuk Dr Wong Lai Sum said the halal industry could take business opportunities from the global Muslim population of about 1.66 billion, which is growing.

Matrade-logo-malaysia-smallMalaysia contributes 1.25 per cent to the global halal trade of US$2.3 trillion.

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Wong also called for small and medium enterprises involved in logistics to merge and become bigger and financially stronger.

“Halal logistics becomes a very important component to grow. Therefore, they can offer integrated logistics right across,” she told reporters after presenting her keynote address at the second Global Halal Trade and Logistics Summit here on Monday.

The two-day summit, which started today, is a platform for the exchange of ideas and networking for pprofessionals in the halal compliance, manufacturing, logistics and supply chain industries internationally.

“There is a need to break the business into two. One where business caters to halal consignment and one that does not cater for halal consignment.

“The one that is catering towards halal consignment requires special work in terms of where you store it, how you bring it through, what type of vehicle you are going to carry, how you package it,” she said.

– BERNAMA