HomeEconomy4-day World Halal Summit, OIC Halal Expo opens its doors in Istanbul

4-day World Halal Summit, OIC Halal Expo opens its doors in Istanbul


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Trade Minister Ömer Bolat attended Thursday the opening of the four-day ninth World Halal Summit and tenth Organisation of Islamic Cooperation (OIC) Halal Expo held in Istanbul, highlighting the rising share of commerce with Islamic international locations and the importance of the halal sector.

“The share of our trade with Islamic countries in our total trade 20 years ago stood at 11%. Last year, we increased this figure to 26%. Our goal is to raise this ratio to 35% by 2028,” the minister stated.

Reflecting on the years when halal initiatives started, Bolat emphasised the significance of organizing the halal truthful as a big progress.

Referring to the efforts within the halal sector in Türkiye, Bolat stated: “There had been vital uncertainties and variations on this discipline amongst Islamic international locations as effectively. A big improvement has been achieved on this regard, and the Islamic Forum for Halal Accreditation Bodies (IFHAB) was formally established.”

“The group affiliated with the OIC efficiently held its first common meeting three weeks in the past,” he added.

He additionally talked about the ETHEXPO Eurasia Tourism and Health Fair held throughout the scope of the summit, touching upon heightened curiosity in well being tourism in Türkiye in recent times.

Explaining that along with the commerce in items, which he stated stood at $25 trillion worldwide, there are additionally commerce companies value some $7.2 trillion.

“Health tourism, which is among these services, is an important sector that increases in importance and size in our country with each passing period, that we are proud of,” he added.

“We consider the topics highlighted at the 9th World Halal Summit, such as halal supply chains, halal certification and accreditation, participation financing in the halal economy, digitalization and innovation in the global halal economy, as valuable, and we see the halal economy, which is rising toward $10 trillion as important for our foreign trade,” he stated individually on social media platform X, previously Twitter.

“The Halal Expo 2023 and the ninth World Halal Summit to be held between Nov. 23-26 are anticipated to assist Türkiye develop and develop into much more influential within the halal market,” CEO of Discover Events and World Halal Summit Council President Yunus Ete advised Daily Sabah earlier.

According to the OIC Halal Economy Report, Türkiye, Indonesia and Malaysia have managed to develop into among the many high 20 exporters of halal merchandise.

The OIC is an intergovernmental group based in 1969, consisting of 57 member states, with 48 being Muslim-majority international locations.

This 12 months’s version of the occasion, sponsored by Turkuvaz Media, the mum or dad firm of Daily Sabah, is predicted to see participation of greater than 500 native and international firms from over 40 international locations, in response to organizers.

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Source: www.dailysabah.com

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