Halal Sector provides excellent opportunity to increase share of Developing-8 countries in world Halal Market: Minister

Karachi, May 10, 2015 (PPI-OT): “The Global Halal Market is currently valued in 2 trillion dollars, of which 700 billion dollar is Islamic market. Cooperation amongst the D-8 countries in the Halal Sector provides an excellent opportunity to increase the share of D-8 countries in the world Halal Market”. This was stated by Federal Minister for Science and Technology Rana Tanveer Hussain during inauguration “D-8 Experts Group meeting on Halal Sector Development” at Islamabad.

Addressing the inaugural ceremony of the two day meeting, the minister said that the Trade was of immense importance for cooperation among the D-8 countries as the volume of D-8 intra-trade increased remarkably to almost US$ 150 billion 2014 from US$ 15 billion in 1997. The D-8 Leadership was aiming to increase the intra-trade up to USD 500 billion by 2018.

This mark will be achieved not only by the D-8 main instruments but also by improved linkages and efficient networking among D-8 private sectors. He said that the theme of this meeting “harmonizing Halal practices -let’s do it together” in itself conveys the need of mutually supported and con sensually built strategies for moving ahead to address this subject of international significance.

Rana Tanveer Hussain said that this event would not only strengthen the unified comprehensions on subject rather it would go much further trade relationship in Halal Sector among the D-8 countries. He said that the federal government for the first time is enacting a law for promoting export and import of food and non food products and to encourage development of Halal industry in the country through policy interventions.

The minister said that Pakistan Halal Authority (PHA) is being established through an Act of the Parliament with a purpose to promote import and export, trade and commerce with foreign countries and inter-provincial trade and commerce in Halal articles and processes.

He said that the ministry attached departments has taken a number of initiatives and steps to promote the Halal sector, adding that this includes formulation of relevant standards, establishment of Halal authentication laboratory at PCSIR Labs Complex, Lahore and Launching of Halal Accreditation Scheme according to Pakistan Standard PS 4992-2010 formulated in-line with the requirements of OIC/ SMIIC Halal Guidelines. He appreciated the ministry of Science and Technology, PSQCA, PNAC and PCSIR for their efforts for organizing and hosting such an event.

Participants from Egypt, Turkey, Malaysia, Indonesia, Bangladesh, Nigeria, Iran and Pakistan are participating in the Expert Group meeting which will focus on increasing the trade in Halal Sector among the D-8 countries by strengthening and harmonizing standards, conformity assessment procedures and technical regulations for Halal food products and services. The scope of the Halal sector covers a wide range of items such as food, pharmaceuticals, health, food supplements and toiletries etc.

Addressing on the occasion, Secretary Science and Technology stressed on the Muslim Countries to come forward for strengthening Halal foods industry to fill the vacuum. He also appealed the meeting to devise an actionable plan for the future for their economic security. “Cooperation among the D-8 countries in the Halal Sector provides an excellent opportunity to increase the share of D-8 countries in the world Halal Market,” he added.

He said that the Expert Group Meeting is expected to be the building block in bridging the gaps for market access of Halal products and services among D-8 Member countries. “It will explore new dimensions and map new findings in harmonizing technical regulations among D-8 Member countries,” he remarked. The report of this D-8 Expert Group meeting will be submitted to the next D-8 summit,” he added.

Secretary Ministry of Science and Technology (MoST) Kamran Ali Qureshi, Director General of PSQCA Dr. Barkat Saeed Memon, Additional Secretary Mian Ejaz Ahmad, Joint Technological Advisor MoST Muhammad Khalid Siddiq and other senior officials of Ministry also attended the event.

For more information, contact:
Jawaid Hussain Siddiqui
Media Adviser, PSQCA
Pakistan Standards and Quality Control Authority
Government of Pakistan
(Ministry of Science and Technology)
Cell No. 0333-2266957
Tel: (92-21) 99206546
Fax: (92-21) 99203919
E-mail: mediaadvisor@psqca.com.pk
Website: www.psqca.com.pk

The post Halal Sector provides excellent opportunity to increase share of Developing-8 countries in world Halal Market: Minister appeared first on AsiaNet-Pakistan.