"The growth will be on the demand side, as Indonesia has the largest Muslim population and the largest domestic halal market in the world," Agung stated at the Business Forum Indonesia Halal Markets event observed by online means in Jakarta on Monday.
With 13 percent of the market share, Indonesia currently holds the largest share of the domestic halal food market, the deputy governor remarked while adding that the current national market share will help Indonesia achieve the projected growth level in 2025.
Indonesia is among the top three major distribution centers for the halal industry along with the United Arab Emirates and Turkey, he noted.
Moreover, the deputy governor remarked that Indonesia had recorded a significant improvement in the international trade trend with member states of the Organisation of Islamic Cooperation (OIC) in 2021.
In 2021, Indonesia's export performance to OIC member states increased by 13.7 percent as compared to the export value recorded in 2020, he remarked.
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"The international Islamic economy centre has also expanded for the last five years consecutively," Agung remarked.
To improve and enhance the Islamic financial and economic ecosystem in Indonesia, the deputy governor spoke of continuing to conceive breakthroughs through the National Committee of Islamic Economy and Finance established under the direct command of President Joko Widodo.
The national committee was established to bolster the 2019-2024 national Islamic economy and financial plan that has several strategic development pillars, he added.
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Translator: Agatha Olivia V, Nabil Ihsan
Editor: Rahmad Nasution
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