President Ferdinand R. Marcos Jr.'s economic agenda includes making the Philippines a leader in the Halal industry by 2028.
PRESIDENT Ferdinand R. Marcos Jr.'s economic agenda to turn the Philippines into a higher middle-income country is now firmly in place. And so comprehensive is the President's economic program that it includes turning the nation into the most Halal -friendly hub in the Asia Pacific region through the Philippine Halal Industry Development Strategic Plan (PHIDSP) 2023-2028.
This early, the administration of President Marcos is bringing a legacy for the Philippine Halal Industry with the Department of Trade and Industry (DTI) reporting it generated PhP7,913,844,994 ($134,132,966) in trade and revenue sales for Halal goods both domestic and export markets as of December 2024. 'This success reflects the Philippines' strategic vision under Bagong Pilipinas to establish a strong and sustainable Halal ecosystem that meets global demand,' said Department of Trade and Industry (DTI) Secretary Cristina A. Roque. 'It is also a testament to the collective efforts of our industries and the government to drive business growth, attract international investments, and create meaningful job opportunities for Filipinos and the global Halal community,' the DTI chief said. Halal food (lawful in Islamic teachings), the healthy and hygienic food preferred by Muslims throughout the world is one of the world's fastest growing industries with 1.9 billion Muslim market. The market covers food, finance, travel, fashion, pharmaceuticals, cosmetics, logistics, marketing, packaging, branding, media, and recreation sectors, which the Investment Promotion Agency of Qatar estimates will reach a whopping US$7.7 trillion by 2025. The Department of Trade and Industry (DTI) launched President Marcos' Halal program in January 2024. The four-year comprehensive development program is in response to the escalating global demand for Halal products and services
HALAL Philippines ECONOMY TOURISM FOOD INDUSTRY
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