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Thailand eyes to become halal centre in Southeast Asia by 2028

The Thai cabinet approved initiatives to turn Thailand into a halal hub in Southeast Asia by 2028, intending to raise the country’s GDP by 1.2% or 55 billion THB (1.52 billion USD).
Thailand eyes to become halal centre in Southeast Asia by 2028 ảnh 1The Thai cabinet approved initiatives to turn Thailand into a halal hub in Southeast Asia by 2028. (Photo: Bangkokpost)
Bangkok (VNA) – The Thai cabinet approved initiatives to turn Thailand into a halal hub in Southeast Asia by 2028, intending to raise the country’sGDP by 1.2% or 55 billion THB (1.52 billion USD).

Speaking after the cabinet meeting on February 27, Prime Minister SretthaThavisin said as part of the initiatives, the government will establish anational halal industry committee and the Thai Halal Industry Centre to promoteThai food products and goods internationally while aiming to promote tourism.

The PM said he discussed with the King of Brunei and the Prime Minister of Malaysiaon the development of a halal food centre.

The global market value of halal businesses is estimated at 2.1 trillion USD,with growth averaging 7.5% annually. However, Thailand’s share of this markethas decreased to 2.7%, down from 4.1% recorded a decade ago.

Thailand’s export value of halal food products in the first 11 months of 2023amounted to 217 billion THB, a 2.6% gain year-on-year. The majority of theseexports were in the naturally food group, including rice, grains and sugar cane

There are 15,043 halal food producers and more than 3,500 halal foodestablishments in Thailand./.
VNA
#Thailand #halal hub #Southeast Asia #Srettha Thavisin #halal businesses #global market value #Vietnam News Agency #Vietnamplus Thailand
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