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MATRADE Chairman anticipates more Halal trade between Thailand and Malaysia

MATRADE Chairman anticipates more Halal trade between Thailand and Malaysia

13 Sept 06:26 Key points summarised by AI
  • MATRADE Chairman anticipates significant growth in Halal trade between Thailand and Malaysia, targeting Thailand's southern provinces with large Muslim communities as a key market.
  • Malaysia hosted MIHAS, the world's largest Halal trade fair, aiming to secure a larger share of the $3.5 trillion global Halal market by promoting Halal products' appeal beyond Muslim consumers.
  • MATRADE prioritizes the Chinese market, a major trading partner, by developing rapid strategies to meet the immense demand for Malaysian Halal products.
  • Emerging markets in the Middle East and North Africa are identified as crucial for expansion, offering substantial potential with a combined population of 400 million.
  • To enhance global recognition, MATRADE plans an international MIHAS edition in Dubai, leveraging the city's strategic location to connect traders and attract buyers from Europe and Asia.
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