Türkiye champions global halal economy at World Summit in Istanbul

The global halal economy, now valued at over $7 trillion, is witnessing unprecedented growth and international confidence, President Recep Tayyip Erdogan announced at the opening of the World Halal Summit in Istanbul . In a written address, President Erdogan stated that the provision of halal products to a global consumer base of around two billion people is a key driver of trust and a promising future for the sector. The summit, which has grown into the world's premier halal industry event, brings together thousands of international visitors and hundreds of firms to shape the future of this dynamic market .

A Platform for Islamic Solidarity and Trade

Echoing the President's sentiments, Turkish Trade Minister Omer Bolat emphasized the critical need for greater economic solidarity among Islamic nations, particularly in a period of rising global protectionism. This vision aligns with Türkiye's strategic push to deepen trade within the Muslim world. Minister Bolat noted that trade with Islamic countries now constitutes 26% of Türkiye's total trade, a figure the government aims to increase to 35% by 2030 . The summit itself serves as a powerful diplomatic and economic platform to bridge geographical divides and strengthen ties within the Organisation of Islamic Cooperation (OIC).

Innovation and Expansion Across Sectors

The 11th edition of the summit, held under the auspices of the Turkish presidency, is centered on the theme of "Strengthening Halal Industry via Innovation and Excellence." The event highlights that the halal concept has expanded far beyond food, now encompassing cosmetics, pharmaceuticals, finance, and tourism . This diversification reflects a broader consumer trend, where both Muslim and non-Muslim buyers are drawn to halal products for their association with ethical sourcing, quality, and transparency .

Global Participation and Investment Opportunities

The gathering in Istanbul has attracted high-level global participation, underscoring the halal economy's wide-reaching appeal. Officials from Nigeria and Afghanistan highlighted their countries' potential as emerging halal investment hubs, inviting partners to collaborate in sectors ranging from agriculture to mining . The convergence of international leaders and businesses at the Halal Expo reinforces Türkiye's strategic ambition to become a central player in the global halal market and a gateway for international trade in the sector .