The Department of Trade and Industry has inked an agreement with the Bangsamoro Autonomous Region in Muslim Mindanao Ministry of Trade, Investments, and Tourism as the agency aims to promote Halal industry development to foster economic growth in the region.
For his part, BARMM Chief Minister Ahod Ebrahim expressed optimism that the agreement will advance economic development in the region and generate higher income and higher quality employment for the people of Mindanao. Republic Act No.9997 mandates the promotion and development of the Philippine Halal industry, considering the huge potential market of an estimated 1.9 billion in 2020 globally and is projected to grow up to 2 billion by 2030. For his part, Trade Secretary Alfredo E. Pascual said a partnership between DTI and MTIT would be established to enable the DTI to create a “positive and lasting” impact in the community as they work together to rebuild the city of Marawi.
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