Erdogan spotlights $5 trillion halal market expansion: World halal summit

Türkiye  |
Editor : Kevser Erbay
2023-11-25 16:58:00 | Last Update : 2023-11-25 17:20:47

President Erdogan states on Saturday global halal market has surpassed $5 trillion, with significant growth in many sectors

Erdogan spotlights $5 trillion halal market expansion: World halal summit

Turkish President Erdogan stated on Saturday the global market in halal products and services prepared in accordance with Muslim guidelines has grown to more than 5 trillion dollars, with significant growth in sectors such as food, tourism, cosmetics, and finance.

“Demand for halal-certified products and services is rising because these products are clean and healthy and are preferred by Muslims. Today, the world halal market has reached a total size of more than $5 trillion, especially in sectors such as food, tourism, cosmetics, and finance,” Recep Tayyip Erdogan said in a video message sent to the 9th World Halal Summit and the 10th Organization of Islamic Cooperation (OIC) Halal Expo Fair 2023 in Istanbul.

Erdogan emphasized the continuous growth of the global halal market, emphasizing the importance of documentation and standardization to meet emerging needs and ensure consumer access to halal-certified products and services.

Addressing the strategic importance of food safety, particularly amid global conflicts like the Russian war on Ukraine, Erdogan underscored the necessity for robust measures to ensure food security in Islamic countries. He expressed confidence in the upcoming Halal Summit, set to host around 40,000 attendees, including 10,000 international visitors, believing it would bolster food security within Islamic nations.

Erdogan highlighted the pivotal role played by the Standards and Metrology Institute of Islamic Countries (SMIIC), operational since 2010, in addressing these concerns. He extended an invitation to all member countries of the Organization of Islamic Cooperation (OIC) to join the institute, emphasizing the importance of unity in avoiding conflicts and uncertainties in halal certification.

Highlighting Turkiye's commitment to the halal industry, Erdogan mentioned the establishment of Turkiye's own Halal Accreditation Agency (HAK). He reaffirmed the country's dedication to elevating the halal sector to its rightful place, ensuring its prominence within Turkiye's economy.

The Halal Summit, held under the auspices of the Turkish Presidency, has garnered global attention, with the prominent Turkish international news agency Anadolu serving as the event's global communications partner.

Source: Anadolu Agency

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