Malaysia poised to attract new Chinese investments in halal industry

Summary

Malaysia is looking to attract new investments in the Halal industry, particularly from China, through discussions held in a round table session led by Deputy Prime Minister Datuk Dr. Ahmad Zahid Hamidi. The session, attended by over 30 Chinese companies and key industry figures, focused on the challenges of Halal certification and trade facilitation. Zahid emphasized the need for more collaboration between Malaysia and China, as Malaysia currently recognizes 88 Halal certification bodies worldwide, including six from China. The discussions aimed to streamline certification processes and foster closer ties between the two countries in the Halal industry.

Takeaways

• 😀 Malaysia is working to attract new investments in the Halal industry, especially from China.
• 😀 A round table discussion was held between Chinese Halal industry players and a Malaysian delegation led by Deputy Prime Minister, Dr. Ahmad Zahid Hamidi.
• 😀 Over 30 Chinese companies participated in the roundtable session.
• 😀 The Chinese delegation was led by Yan, the Chairman of the China Silk Road Group.
• 😀 Key Malaysian figures in attendance included Pahas Ros, Isas Sri Sarani Muhammad, and Halal Development Corporation Bhd Chairman, Kyo Awan Haron.
• 😀 Dr. Ahmad Zahid noted that one of China's main challenges in the Halal industry is the recognition of its Halal certification.
• 😀 Despite many countries recognizing Halal logos, standardization and trade facilitation are ongoing processes.
• 😀 Malaysia currently recognizes 88 Halal certification bodies worldwide, including six from China.
• 😀 There is still room for further collaboration between Malaysia and China to enhance the Halal certification process.
• 😀 The round table session aimed to explore solutions to streamline the Halal certification process for Chinese exporters and strengthen Malaysia-China cooperation.

Q & A

What is the primary focus of the roundtable discussion between China and Malaysia?

The roundtable discussion primarily focused on attracting new investments in the Halal industry, with an emphasis on enhancing collaboration between China and Malaysia, particularly in Halal certification processes.

Who led the Malaysian delegation in the roundtable discussions?

The Malaysian delegation was led by Deputy Prime Minister, Datuk Dr. Ahmad Zahid Hamidi.

How many Chinese companies participated in the roundtable discussions?

More than 30 Chinese companies participated in the roundtable discussions.

Who led the Chinese delegation during the discussions?

The Chinese delegation was led by Yan, the Chairman of the China Silk Road Group.

What was one of China's main challenges discussed in the roundtable?

One of China's main challenges discussed was the recognition of its Halal certification.

How many Halal certification bodies does Malaysia currently recognize worldwide?

Malaysia currently recognizes 88 Halal certification bodies worldwide, including six from China.

What did Datuk Dr. Ahmad Zahid Hamidi emphasize about the future of Halal certification?

He emphasized that while there has been positive recognition of Halal logos, standardization and trade facilitation are ongoing processes, and more collaboration is needed.

What is the role of the roundtable session in enhancing Malaysia-China relations in the Halal industry?

The roundtable session served as an ideal platform to explore solutions for streamlining certification processes for Chinese exporters and enhancing cooperation between Malaysia and China.

Who were some of the key attendees of the roundtable session apart from the Chinese delegation?

Apart from the Chinese delegation, the roundtable was attended by Pahaz Ros, SRI Sarani Muhammad, and Kyo Awan Haron, the Chairman of Halal Development Corporation Bhd.

Why is the recognition of Halal certification important for Chinese companies?

The recognition of Halal certification is crucial for Chinese companies to access international markets where Halal standards are a key factor in consumer demand, especially in countries with significant Muslim populations.