Philippines will launch a national halal strategy which aims to generate 230 billion peso in investments, create 120,000 jobs in five years, and support micro, small and medium enterprises (MSMEs) in becoming part of a global halal ecosystem before end of 2023.
The plan will also address the growing demand for halal products and services from the country's domestic market and from Organization of Islamic Cooperation (OIC) member countries – spanning Asia, the Middle East, Africa, Europe and the Americas.
“Halal as a way of life is not only for the Muslims. It is increasingly being recognized by many non-Muslim consumers worldwide because of ethical considerations, hygiene, fair trade, and just financing,” Alfredo Pascual, secretary of Philippines’ Department of Trade and Industry, said.
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