DTI remains committed to promote Halal industry in PH

Transcript

00:00 The Department of Trade and Industry recently organized the Philippine Halal Economy Festival to attract more investments in the future.

00:07 The event aims to capitalize on the growing demand for halal products and services,

00:12 which has the potential to significantly boost the country's economy.

00:16 Soojin Kim gives us the full details.

00:19 The Department of Trade and Industry remains steadfast in its objective of developing and promoting the halal industry

00:26 to position the Philippines as the most halal-friendly trade and investment hub in the Asia-Pacific region.

00:32 During the Philippine Halal Economy Festival held earlier today at Taguig City as part of the Invest Philippines Week,

00:39 Secretary Alfredo Pascual said their aim is to tap into the burgeoning demand for halal products and services in our domestic market

00:46 and across 57 countries that constitute the Organization of Islamic Cooperation,

00:51 spanning Asia, the Middle East, Africa, Europe and the Americas.

00:55 This festival forms part of the Invest Philippines Week.

01:00 We want to signal that Bagong Pilipinas, New Philippines, is open for business.

01:09 In line with this, the Halal Industry Development Initiative has been integrated in the DTI's four priorities.

01:15 Over the next five years, they endeavor to reach P230 billion pesos in halal trade and investments

01:21 while creating over 120 job opportunities for Filipinos.

01:25 We are committed to the economic rebuilding of the Maranao people, particularly in Marawi.

01:32 We are currently preparing more than 100 MSMEs in Marawi to obtain halal certification.

01:39 Today, about 10 percent or 11 million Filipinos are Muslim,

01:43 which makes it even more necessary to strengthen and stimulate the halal economy.

01:48 Make it known that we are developing our halal industry in the Philippines.

01:54 We are inviting investments and partners who will help us do this.

02:02 This is where we need immediate support.

02:05 To this goal, the DTI is seeking support to bring the message and invitation of collaboration

02:09 for the development of the halal industry in the country.

02:13 The Department of Trade and Industry is laying the foundation for a prosperous and inclusive

02:18 halal economy in the Philippines.

02:20 Soojin Kim, for the Nation.