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World Halal Summit 2016 in Istanbul conveys strong message HALALEVENTS

(Istanbul-NewsHalal, Rabi'II 13, 1438, January 11, 2017) The World Halal Summit, which held at the Istanbul Lutfi Kırdar Congress Center between Dec. 15 and Dec. 17 in collaboration with the Turkish Standards Institute (TSE) and the Standards and Metrology Institute for Islamic Countries (SMIIC), brought together prominent people in the halal sector and producers from around the world along with 26 high-level speakers from Turkey and other 26 countries. The summit conveyed a strong message to unite stake holders in the Halal sector.

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The Halal Expo 2016, a pioneering event that guides the sector by combining the World Summit with the Halal Fair, united the leading figures in the sector. Considering the number of Muslims, an important part of the world tourism industry with an economic volume of more than $1 trillion consists of buyers of halal tourism. 

According to International Monetary Fund (IMF) data, the world food and beverage expenditure was $6.7 trillion in 2014 and $1.1 trillion was from the halal food and beverage trade. This figure, which has increased steadily in recent years, is predicted to reach $1.6 trillion by 2020.

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Yunus Ete, the chairman of Discover events, which organized the event, said they received requests for the participation from Muslim countries as well as countries like Russia and Spain. Stressing that Spain, which has realized the size of the World Halal Market and has made an extraordinary investment in Halal Tourism, was very eager to participate in this fair, and Ete noted that they are currently evaluating the country's accordance with the criteria in cooperation with SMICC.

The Halal Tourism market is an important part of the halal sector, not only for Muslim countries but also for the European countries and the region of ASEAN, which have made serious investments in recent years. Non Muslim countries like China, India, Japan and S. Korea, Halal tourism is expected to increase by 50 percent over the next four years and have an economic volume of $192 billion.

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Due to widespread introduction of Halal Standards in almost each Islamic country, Halal Food, Beverage, Cosmetic and Pharmaceutical and Tourism industries are working hard to fulfill the requirements of Muslim consumers worldwide. Free International Trade have pave the ways for Islamic countries to prompt drafting of Halal standards which are already in place among Islamic countries. Opportunities are rapidly growing for non-Muslim countries and non-Muslim producer as well to tap the growing Halal market by making their products and services compatible to Muslim consumers and tourists.