Turkey Working Towards Acquiring Fair Share of USD 7 Trillion Valued Global Halal Market

Turkish sector officials said Turkey should do more to increase its share in the global Halal market currently valued at USD 7 trillion.

Why it Matters?

According to Yunus Ete, Chairperson of the World Halal Summit Council and Discover Events, Turkey currently has a share of just over USD 100 billion in the world Halal market as the country receives a reduced portion from related sectors such as Halal food, Islamic finance, Halal tourism, conservative fashion and Halal cosmetics. Ete added that Halal fairs are organised every year to increase awareness about the developing market and to grow Turkey’s commercial potential in this field.

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