IFPA and the Union of Food Enterprises signed the honorary membership agreement

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International Islamic Food Processing Association (“IFPA”) and Union of Food Enterprises of Kazakhstan (“Union”) agreed to develop cooperation in the agri-food sector.

Established in 1992 by leading food industry manufacturers of Kazakhstan, the Union is a non-profit organization that brings together more than 50 companies with the primary goal to protect the rights and interests of domestic food enterprises, widely represent domestic products on the foreign market, promotion, protection, and enhancement of entrepreneurship and innovation within the food industry, consulting and expert assistance in the implementation of food safety HACCP standards and participating in policy regulation of the food sector and develop business cooperation with foreign investors and partners.

The food industry is now facing trade barriers and tariff restrictions that create adverse effects for the export of agri-food productions. “The solution lies in the Union’s cooperation with IFPA to create a single export coordination platform to support supply chain linkages between food producers and large food retailers operating in Kazakhstan, and support their direct access to foreign markets”, noted the Executive Director of the Union, Mrs. Marina Sabralieva.

The Director-General and CEO of IFPA, H.E. Sheikh Bilal Khan noted that: “IFPA is very interested in establishing a partnership with the Union and especially in developing a unique platform for expanding cooperation between businesses and food companies and ensuring access to the markets of all OIC countries to increase the volume of mutual trade and food supplies focusing mainly on the engagement and enhancement of investments related to the use of Islamic Finance, investment funds, Shariah structuring, and other Islamic Investment instruments.”