Australia sees rich halal market
Friday, March 30, 2007
THE Australian government says there is a growing niche market for Australian primary producers in halal-certified products, with Malaysia the gateway to Muslim countries.
A report by the Australian Parliament's Joint Standing Committee on Foreign Affairs, Defence and Trade said it had recommended the Department of Agriculture, Fisheries and Forestry use the process of halal certification and the export of halal products to Muslim countries, using Malaysia as the hub.
The report noted Australia's growing relationship with Malaysia, saying that Malaysia had become Australia's second-largest trading partner in the Association of Southeast Asian Nations and ninth largest trading partner overall, adding that the two-day trade in 2005-06 amounted to A$11.35 billion (US$9.2 billion).
The chairman of the Foreign Affairs Subcommittee, David Jull, said Australia had developed a positive and mutually-beneficial relationship with Malaysia.
He said trade between Australia and Malaysia was complementary — Australia exported to Malaysia natural resources, dairy products and sugar, while Australia imported Malaysian crude petroleum, furniture, and electronic products.
Jull said Malaysia, however, enjoyed a significant balance of trade in its favour especially in the merchandise sector. Bernama
A report by the Australian Parliament's Joint Standing Committee on Foreign Affairs, Defence and Trade said it had recommended the Department of Agriculture, Fisheries and Forestry use the process of halal certification and the export of halal products to Muslim countries, using Malaysia as the hub.
The report noted Australia's growing relationship with Malaysia, saying that Malaysia had become Australia's second-largest trading partner in the Association of Southeast Asian Nations and ninth largest trading partner overall, adding that the two-day trade in 2005-06 amounted to A$11.35 billion (US$9.2 billion).
The chairman of the Foreign Affairs Subcommittee, David Jull, said Australia had developed a positive and mutually-beneficial relationship with Malaysia.
He said trade between Australia and Malaysia was complementary — Australia exported to Malaysia natural resources, dairy products and sugar, while Australia imported Malaysian crude petroleum, furniture, and electronic products.
Jull said Malaysia, however, enjoyed a significant balance of trade in its favour especially in the merchandise sector. Bernama
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