Indonesia's new initiative aims to increase international halal product market share

Indonesia's new initiative aims to boost international halal product market share

2025-05-15

Jakarta State-Owned Enterprises Minister Eric ThohirErick Thohir) launched a program to improve Indonesia through economic initiativesHalalThe product's market share in countries such as Russia, Morocco, Sudan, Singapore, South Korea, China and Saudi Arabia.

 

Eric ThohirErick Thohir) released the Islamic Economic Association (Islamic Economic Society)'s new logo and National Santry Day (National Santri Day) at the commemorative event:To support international product development, the Islamic Economic Association has established service networks in several foreign regions.

 

He said he is also currently trying to establish a presence in Pakistan, the United Arab Emirates, Thailand and Brunei.WEnetwork.

 

The minister said that cooperation between the Islamic industry and the government is also necessary at this time as the COVID-19 pandemic has had a significant impact on all sectors.

 

Therefore, he believed that economic balance must be maintained.

 

“Don’t let big businesses get bigger and small businesses get smaller,” he warned.

 

He also thanked the President and Vice President for continuing to develop excellent policies to ensure a balanced economy, including an emphasis on job creation and the creation of new entrepreneurs.

 

Indonesian Vice President Ma'ruf AminMa'ruf Amin) had earlier urged increased exports to foreign countries, especiallyOICMember countries export to IndonesiaHalalproduct.

 

“Indonesia asHalalThe potential of the product market should be followed by efforts to improve the country's export performance abroad, especially forOICOrganizing the country’s export performance.”WithIndonesian IndustryHalalSaid during the exhibition.

 

according toOICPublished2020According to the Economic Outlook of 2019, Indonesia is the fifth largestHalalProduct exporting country.

 

With"Indonesia is the fifth largest exporter, accounting for9.3%; second only to Saudi Arabia, accounting for14.5%; Malaysia, accounting for13.3%; United Arab Emirates, accounting for12.3%; Türkiye, accounting for10.1%

 

In addition, Indonesia isHalalThe fourth largest importer of products (8.4%); after the United Arab Emirates (12.2%);Türkiye(12.1%);Malaysia(11.8%)。

 

“Therefore, Indonesia must work harder and strive to dominate the worldHalalmarket, especially inOICThe conference organizes the country,” he affirmed.


Latest News

In today's interconnected world, the Halal market is not just a niche market, but a major global...