Thailand invests in Thai Halal products

Thailand is moving closer to becoming one of the world’s top halal producers as the national halal promotion committee has agreed on strategies to promote local halal products within the next five years under a budget of over 10 billion baht (about 337 million US Dollars). The Halal Development and Promotion Committee chaired by Deputy Prime Minister MR Pridiyathorn Devakula has reconvened for the second time on friday to consider programs and budgets for the four strategies approved earlier in boosting halal products from 2016 to 2020.

The committee agreed to the plan to set aside 10.93 billion baht for the five-year plan in developing the quality of local halal goods and services, accessing new markets, creating a standardization system and setting up research and development facilities for halal products, especially food. The committee will soon submit the plan to the cabinet for approval prior to implementation.

Currently, Thailand is ranked 13th among the world’s halal producers at an estimated value of 5 billion US dollars, with exports making up 4 billion dollars, but it is expected to enter the top-10 any time soon.

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