GAME CHANGER: ECONOMIC REVOLUTION

Datuk Isham Ishak

Deputy Secretary General (Trade)
Ministry of International Trade and Industry

‘Driving Transformation, Powering Growth’

HALAL INDUSTRY MARKET
HALAL = DIVERSE
Logistic
Services
Cosmetic &
Lifestyle
Personal Care

Hospitality Takaful
Services Services
Halal
Industry

Halal exists
within key Healthcare
Services
Food &
Beverages
elements of the
supply chain of Islamic
Ingredients
Financing
the intersecting
industry sectors
ASEAN AS A SINGLE ECONOMIC ENTITY

• At US$ 2.55 trillion, ASEAN economy in 2016 was the 6th largest in the
world & the 3rd largest in Asia

4
AEC 2025 New Focus Areas: GVC

5
AEC 2025 New Focus Areas: GVC

• Global Value Chains (GVCs) play a vital role in enhancing economic

integration and liberalising trade. GVCs provide ASEAN with the
opportunity to take on a more ambitious policy agenda and become a
more integral part of global trade.

• Work is in progress to develop an inclusive programme on to enhance

participation and upgrading GVCs by creating an enabling policy
environment and forward-looking policies to support GVCs in the region.

6
Development of Halal Industry in Malaysia

“ The Islamic Economy – which it defines as consisting of Halal food, Islamic

finance, Halal travel, Modest fashion, Halal media and recreation, and Halal
pharmaceuticals and cosmetics – is projected to reach a massive USD3 trillion
by 2021.
In Malaysia, we have made a deliberate and strategic effort to capitalise on
these opportunities. In Thomson Reuters Report 2016/2017 on the Global
Islamic Economy Indicator, which measures a total of 73 countries, Malaysia
was awarded first place.
- Speech at WIEF 2017
Halal Malaysia Achievements
Exports

Export Values Top 5 Export Items Key Exports Destination

F&B China
RM 42 billion in
2016 as compared to Singapore
RM24 billion in 2011 Ingredients
United States
Palm oil
Derivatives Indonesia
Source: HDC

Japan
Halal Malaysia Achievement:

Investment

from RM4.1 billion in 2012 to

RM10.6 billion in 2015

Halal certified companies

from 2,336
companies in 2011
Source: HDC
to 5,726 companies in 2015
Malaysia Halal Council

Established June 2016

To further accelerate growth of the halal industry in Malaysia and

enhance Malaysia’s role in leading global halal industry development

• Formulation of policies related to halal;

• Monitoring the implementation of policies, strategic directions
and key programs; and
• Matters pertaining to development and management of the halal
industry.
Halal Industry Master Plan 2.0

Halal
Industry
Policy &
Legislation

Branding &
Promotions
Enterprise
Development
Outline the
strategic directions
to further enhance
Focus the contribution of
halal industry
Infrastructure
Development
Areas International
Footprint towards Malaysia’s
economic growth

Human Capital Bumiputera

Development Development
 THANK YOU

‘Driving Transformation, Powering Growth’