: The Ministry of Investment, Trade and Industry is set to ensure that Malaysia’s halal industry and small and medium enterprises benefit from ASEAN’s trade and investment policies as Malaysia assumes the ASEAN chairmanship next year.
Speaking at the World Halal Excellence Awards 2023 here tonight, which was officiated by Melaka Chief Minister Datuk Seri Ab Rauf Yusoh, he highlighted the RM20 million allocation to the Malaysia External Trade Development Corporation to enhance the competitiveness of Malaysia’s halal products and services globally.
“The merger of MATRADE and the Halal Development Corporation Bhd is also a strategic move to consolidate development and trade promotion support for halal exporters, particularly SMEs, to enhance Malaysia’s leadership and competitiveness in the global halal market. He noted that the budget also provides a robust financing framework for SMEs in the halal sector, including RM1 billion in guarantees through the government guarantee schemes and various facilities under SME Bank and the Bumiputra Economic Transformation Plan 2035.