PH, Malaysia to explore bilateral trade opportunities for Halal products

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By THEPHILBIZNEWS STAFF

Given the growing needs and numbers of Muslim communities in the country especially in Southern Mindanao, the Department of Trade and Industry (DTI) Secretary Ramon Lopez discussed more trade opportunities for Halal products with Malaysian Ambassador to the Philippines Norman Muhamad during the ambassador’s courtesy call last October 20, 2020.

From left, Malaysian Ambassador to the Philippines Norman Muhamad with DTI Secretary Ramon Lopez during the courtesy call of the Malaysian envoy at DTI Office

The discussion on trade opportunities was aimed at supporting both countries’ economic recovery efforts amid the ongoing COVID-19 pandemic. Barter agreements in the south of Mindanao—specifically the Basilan, Sulu, and Tawi-tawi (BaSulTa) island provinces—were also brought up in conjunction with Malaysia’s plans to introduce an online barter system. Sec. Lopez also expressed his appreciation to the envoy for Malaysia’s successful leadership as this year’s chair of the Asia-Pacific Economic Cooperation (APEC).

“With this trade opportunity, entrepreneurs in Basilan, Sulu, and Tawi-tawi can capitalize on this and start doing business effectively with Malayasia”, the Trade Chief said.

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