KUANTAN — Aug. 29, 2017: Malaysia’s exports of halal products to Japan rose to RM2.66 billion in 2016 from RM2.20 billion the year before.
The value should grow as both countries are expected to sign a memorandum of cooperation (MoC), under which Malaysia will be offering its halal expertise ecosystem to Japan.
The Ministry of International Trade and Industry has finalised the MoC which will first be tabled to the Cabinet.
“The MoC is an initiative to promote cooperation and expertise in halal aspects, as Japan’s prepares to host the 2020 Olympics and Paralympics,” Deputy Miti Minister Datuk Ahmad Maslan said today.
Malaysia’s total halal exports were worth RM42.17 billion last year.
The MoC entails cooperation in the development of halal expertise, trade and investment promotions, certification, tourism, logistics and supply chain, and ecosystem in Japan.
Expressing confidence that Malaysia’s halal industry players will get easier access and priority in penetrating Japan’s market, as Jakim’s halal certificate and logo are internationally recognised, Maslan asked big companies and small and medium enterprises to seize the opportunity to become major halal product exporters to Japan.
“The Olympics is the milestone for us to enter the Japanese market. The MoC will detail the procedures that must be complied by exporters, and we would help them cope with the rules and regulations,” he said.
The local Japan External Trade Organisation Managing Director Akira Kajita said Jetro had implements various programmes to encourage international companies and businesses to enter Japan, including providing a free online business matching website, the Trade Tie-up Promotion Programme. Those interested can register at www.jetro.go.jp/ttpp.
The Invest Japan Business Support Centre also provides a free temporary office up to 50 days and access to specialist advisors to help foreign firms set up business in Japan. — Bernama