Malaysia Expected To Attract New Investments In Halal Sector From China

From Mohd Fharkhan Abdul Ghapar

SHANGHAI, Sept 10 (Bernama) -- Malaysia is expected to bring in new potential investments from China in the halal industry through the Malaysia-China Halal Business Forum held in this city.

Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi said Shanghai, with its rich history and vibrant economy, provides the ideal setting for a discussion on the future of the halal industry and the potential for a deeper cooperation between the two countries.

He said China ranks among the top two destinations for Malaysia’s halal exports based on exports worth RM6.25 billion (US$1.4 billion) in the halal trade sector as of July 2024, including halal ingredients, food and beverages, palm oil derivatives, industrial chemicals, cosmetics, and pharmaceuticals.

“Malaysia has developed a highly respected halal certification system. Over time, we have evolved into a leading authority with a comprehensive certification system recognised worldwide,” he said in his speech during the Halal Roundtable Session at the forum today.

Ahmad Zahid said the importance of halal diplomacy must be recognised.

“Malaysia values our partnerships and alliances in the halal sector. By working together, we can leverage our strengths, share expertise, and ensure our halal products meet the highest standards for Muslim consumers worldwide,” he said.

Ahmad Zahid said although many countries recognise halal logos, harmonising standards and smoothing trade flows remain work in progress. 

He noted that Malaysia currently recognises 88 halal certification bodies worldwide, including six from China. 

“This roundtable is an ideal platform to explore solutions as we could discuss streamlining the certification process for Chinese exporters and enhancing cooperation between Malaysia and China.

“We will ensure that Chinese products meet Malaysia’s halal standards efficiently and facilitate access to other markets that recognise Malaysian certification,” he said.

The Malaysia-China Halal Business Forum, organised by Halal Development Corporation Bhd (HDC), features more than 30 halal industry players from both countries.

The Malaysian delegation includes Pahang Menteri Besar Datuk Seri Wan Rosdy Wan Ismail, Perak Menteri Besar Datuk Seri Saarani Mohamad, HDC chairman Khairul Azwan Harun and HDC chief executive officer Hairol Ariffein Sahari.

-- BERNAMA