MANILA (AFP) - The Philippine government has launched the National Halal Industry and Development Office to coordinate the country’s efforts to become a top player in the global halal market by next year.
The predominantly Catholic Philippines — where Muslims constitute about 10 percent of the almost 120 million population — has been working to tap into the global halal market, which is estimated to be worth more than $7 trillion.
The Department of Trade and Industry is establishing NHIDO “to propel the Philippines to the forefront of the global halal industry by 2025,” it said in a statement.
“This strategic move aligns with the country’s goal to boost the domestic halal market and expand the export potential of Filipino products and services.”
In the Philippines, efforts are underway to double the number of its halal-certified products and services, raise 230 billion pesos ($3.9 billion) in investments and generate around 120,000 jobs by 2028.
Manila has also been promoting its domestic halal industry at international exhibitions, including in Saudi Arabia and Malaysia, where the strength of the Filipino halal market — its agricultural products, such as coconut oil, baked goods and wellness data-x-items — were showcased.