KUALA LUMPUR: The Halal Industry Development Corp (HDC) intends to set up a trade centre each in China, Saudi Arabia and Europe with the intention of boosting halal exports from Malaysia.
Chief executive officer Datuk Seri Jamil Bidin said favourable feedback was coming from these three countries as they simply realised the potential for raking in significant profits.
“The trade centres will serve as a stepping stone for Malaysia to expand the markets for halal products to countries close to these three countries,” he told reporters at the two-day World Halal Conference which began on Wednesday.
He said the creation of the trade centres will not need any capital expenditure from Malaysia as China, Saudi Arabia and Europe were ready to provide funds to secure expertise from Malaysia.
“However, this plan is still in the discussion stage between HDC and its business partners within these three countries.
“They are also very interested to emulate Malaysia in setting up a halal ecosystem industry,” he said.
Jamil added that this demonstrated that Malaysia was accepted as having the overall very best halal environment in regards to product output.
Meanwhile, Saudi Arabia continues to be listed as HDC’s latest trading partner since the country imported 40% of its halal food.
“With a trade centre there, Saudi Arabia has the potential to become the 10th largest importer of halal products from Malaysia in the future,” he added.
Meanwhile The World Halal Conference 2014 closed yesterday with full highlight about the resolutions to help expand and develop the halal industry, which is required to fill a 80 per-cent gap in availability of halal food.
Thought leaders and industry players who attended the conference acknowledged the scope of food security issues, and pledged a united and integrated assessment of such issues.
They agreed that united efforts to closely address and resolve these issues must be secured if the global halal industry were to grow and be sustained.
The halal food supply chain’s ineffectiveness, insufficiency and fragmentation were also pointed out during the two-day conference.
These elements of concerns were the major cause for non-delivery of halal food and non-food products to the developing global halal market, said Halal Industry Development Corp chief executive officer Datuk Seri Jamil Bidin.
“In this respect, many countries will be affected by food supply shortage, particularly Third World countries with large Muslim populations,” he said.
Jamil noted that over the next few years, there will be a phenomenal 70 to 100 per cent increase in demand for food.
He added that there will also be a mismatch between agricultural production capability and global demand.
He said not only Muslim countries are affected by the decreasing supply of halal provisions but so, too, are non-Muslim countries.
He added that the global halal industry is supported and backup by 1.8 billion Muslims but the countries involved in the production of halal food and the export trade are merely a handful and make up a mere 20 per-cent of food production and manufacturing.