China has shown interest in partnering with Malaysia in the halal industry, focusing on several key areas: halal certification, services, and halal products. Deputy Foreign Minister Datuk Mohamad Alamin highlighted this interest.
China’s Premier, Li Qiang, directly expressed his interest in the halal industry during a meeting with Deputy Prime Minister Dato Seri Dr Ahmad Zahid Hamidi. This significant exchange led to further discussions on potential collaborations in the halal industry, underscoring the importance of their meeting.
Zahid informed Li about the global halal industry’s significant value and growth trajectory. He emphasised that the industry was valued at US$3.1 trillion in 2018 and is growing at a rate of 4.1 per cent annually. By 2030, the industry is projected to reach US$5 trillion.
Additionally, Zahid also looked into other ways Malaysia and China could collaborate. He wanted to promote collaboration in technical and vocational education training (TVET), networking, and social and cultural ties between Malaysia and China.
Li and Zahid also discussed regional and international issues of mutual interest. These shared interests encompass various areas, such as the digital economy, high technology, renewable energy, and semiconductors.
Malaysia is also in talks with China regarding the disputed areas in the South China Sea. Mohamad reassured: “We will not compromise on sovereignty and will use existing mechanisms to continue negotiations, including on the Code of Conduct (COC).”
Zahid’s official visit to China strengthened bilateral ties between the two nations amidst the shifting regional dynamics. This reaffirms Malaysia’s position in advancing halal initiatives with China.