Malaysia hosts World Halal Summit 2015

2015-04-02 04:30:44 | Al Muslim News
Malaysia hosts World Halal Summit 2015


As the chair of Asean for 2015, Malaysia is keen to encourage the promotion and development of the Halal industry in the region.
Malaysia will take another giant leap towards establishing the country as the global Halal hub in hosting the World Halal Summit. The Conference was inaugurated by Prime Minister Datuk Najib Razak on March 30 and Scheduled to end on 4th April 2015 at the Kuala Lumpur Convention Centre (KLCC), Muslim Mirror reported.
On the halal industry development, he said, the halal economy was currently estimated to be worth RM8.4 trilion (US$2.3 trilion), of which halal foods made up RM2.5 trillion (US$700 billion).
WHS 2015 is the largest Halal event of its kind in the entire Asean region. Halal component of the global economy is today estimated at USD 2.3 TRILLION. The Halal food sector alone accounts for almost USD 700 Billion of that total. The Halal economy is a niche area that’s becoming a major sector of the international economy as it evolves and matures to serve the needs of the worldwide Muslim population of about 1.8 billion.
Thailand’s Deputy Minister of Commerce Apiradi Tantraporn said: “Nearly two-thirds of the Muslim population live in Asia and it is predicted that the world Muslim population would grow twice as fast as the non-Muslims in the next 20 years.
“Compare 2004 and 2014, we can see incredible GDP growth rate in Muslim countries while the GDP of non-Muslim countries have a slower growth, Tantraporn said. “This provides unprecedented opportunities for the world and Thailand is ready to enter the marketâ€, he said.
This year’ theme Halal Economy: A Profitable Convergence†reflects the need for a renewed global effort amongst Halal stakeholders to further strengthen the integration of industries within the Halal ecosystem towards the realization of a holistic Halal economy.
More emphasis must be placed on areas that include research and development, innovation, human capital development, as well as Islamic banking and finance to develop a seamless point-to-point Halal supply chain. In this instance, Islamic asset-based banking instruments must support the financing of the Halal industry in the effort to realise true convergence of Syariah principles throughout the industry.â€
Turkey’s Minister of Custom and Trade Nurettin Canikli said: “There maybe many disagreements among Muslim countries on different issues but I believe that there should be no disagreements on halal products among Muslim countries. “I believe that there is sufficient infrastructure to form a supreme council to coordinate this issue. I believe that no country should say ‘The rules I’m applying at a national level are the best’.
‘’we can established it at a regional level first and then transform it into a global bodyâ€, he said.
UAE Minister, Dr Rashid Ahmed Mohamed Fahad said: “The halal industry is quickly becoming a global aspect and is attracting many non-Muslim consumers because of its guaranteed safety and quality.
Malaysia’s International Trade and Industry Minister Datuk Seri Mustapa Mohamed added: “We are in need for closer international collaboration and also to improve the perception of halal certification. “We need to sit down and find a way on how we can coordinate to get the standards be accepted throughout the world.â€
“A study on our side has shown that the demand is so huge that currently we are now only meeting 20% of the demand for halal products in terms of the food sector.


Tags: #Halal #Malaysia #

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