Malaysia is exploring strategic reforms to bolster its position in the global halal market, with potential mergers and new regulatory bodies under consideration. The Investment, Trade and Industry Ministry (MITI) is evaluating proposals to consolidate the Halal Development Corporation (HDC) and Malaysia External Trade Development Corporation (Matrade) to eliminate functional overlaps and enhance efficiency.
Minister Tengku Datuk Seri Zafrul Aziz emphasized the need for clearer roles, with Matrade focusing on halal trade expansion and HDC dedicated to industry development. The proposed merger aims to create a more unified ecosystem, supported by a provisional committee to streamline operations and resource allocation. This move aligns with Malaysia’s ambition to dominate the rapidly growing halal sector, estimated to hit US$5 trillion by 2030.
In parallel, the Malaysian Halal Council has proposed establishing a dedicated Halal Commission to oversee sectoral governance. Tengku Zafrul noted that the proposal is currently undergoing inter-ministerial review before being presented to the Cabinet for approval. The commission’s structure and mandate will be finalized once feedback from stakeholders is incorporated.
These initiatives reflect Malaysia’s commitment to reinforcing its halal industry leadership through structural and regulatory improvements. By consolidating key agencies and introducing specialized oversight, the government aims to maximize opportunities in this lucrative global market.