Halal industry need to be regulated through Standardization

Halal industry need to be regulated through Standardization

Speech of Dr. Abdullah Al Maini, Director General of Emirates Authority of Standardization and Metrology at the Opening of Moscow Halal Expo 2016

السلام عليكم ورحمة الله وبركاته

Its my pleasure to be here with at the opening ceremony of Moscow Halal Expo Exhibition

Ladies and gentlemen,

The world’s Muslim population expected to rise from an estimated 1.8 billion in 2014 to 2.2 billion by 2030, a growth of 26.4 per cent. This fast growing population presents the core market for Halal food and other significant Islamic economic sectors. According to OIC Report, the global Halal sectors worth 2.3 trillion USD in 2013, 67% of it is in food and beverage worth 1.4 trillion USD, in addition to that pharmaceutical sector is about 22% with 506 billion USD trade in this sector and the rest 11% is for cosmetic product worth 230 billion.

However, Halal industry expected to be one of the steady growing sector across the globe. And the reason behind that is that “ Halal” is no longer associated with Muslims, it’s becoming a global term for business and consumers as well.

This big growth and increasingly global trust on Halal products create a big challenge on muslims countries to lead the development of innovated tools with transparent and clearly defined criteria’s to support and to be associated with this growth and high demand of halal products. Halal industry need to be regulated in association with different stakeholders including governments in exporting & importing countries, manufacturer, R&D sector, trader and consumers.

This can be done through Standardization.

Ladies and gentlemen

Standardization played a vital role in developing & boosting business around the world,. Standardization can help to maximize compatibility, safety, repeatability. It can also facilitate the trade and remove technical barriers. And to keep this growth in halal sector we need to link it standardization.

United Arab Emirates recognized very early on the High potential of this industry in the global marketplace. The government through Emirates Authority for Standardization introduced various policy initiatives, programs and activities and encouraged private sector to participate fully in developing Halal sector, and we will continue working with our government partners in many countries, halal centers and international organization to take this industry forward.

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