Thursday, October 28, 2021

PH enters $3T global Halal market

THE Philippine Halal Export and Development Promotion Board led by the Department of Trade and Industry (DTI) recently adopted the implementing rules and regulations (IRR) of the Philippine Halal Export Development and Promotion Act of 2016 (RA 10817).

The IRR sets the direction of the Philippine Halal sectors and takes advantage of the lucrative $3.2 trillion global Halal market.

“As the IRR are now in place, DTI will beef up development and promotional activities for the Philippine halal sector, which will open new economic opportunities particularly in the Mindanao region,” said DTI Secretary and Philippine Halal Export Board Chairman Ramon Lopez.

The adopted IRR covers the formulation and implementation of a comprehensive Philippine Halal Export Industry Development and Promotion Programs that will increase export, sale, and provision of Halal products, processes, and services aside from ensuring a more competitive Philippine Halal exports through research and product development, quality assurance measures, and value-adding mechanisms.

The IRR is a product of consultations with various stakeholders across the country. (PR)
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