'Halal' initiative from TRNC: Market share is 7 trillion dollars!

From fashion to textiles, from food to tourism, the geography-centered “Halal Production Market” is expected to reach 7 trillion dollars in the world.

It aims to increase the products certified in this field within the body of the Ministry of Economy of the TRNC, and to improve its situation in production, which is considered to be advantageous compared to Europe.

From halloumi to olive oil of TRNC; It has ready-made products in the market from molasses to eggs and dairy products.

Moreover, it is in a position to be more advantageous than the European manufacturer in this regard…

TRNC HAS PRODUCTS WHICH HAVE "HALAL PRODUCT CERTIFICATION"

It is stated that it is not easy for a European manufacturer to hold on to this market because it is also based on the issue of trust.

On the other hand, although TRNC halloumi cannot be sold to Europe, it can be sold to Arab countries.

While it is learned that some of the first names that come to mind, some of our domestic meat producer companies also have "Halal certified" products, it is planned to develop the scale in this denominator.

In this context, it is stated that some businessmen are also interested in the subject.

The circulation and certification of Islamic goods and services is an accelerating process in the world, and 'Halal Tourism' is one of the rising areas this year and it is claimed to grow at a rate of 4.8 per year.

ATTENDED TRNC HALAL EXPO FAIR

“Halal Market”, which has shown a striking rise in the last 10 years, leads the sub-topics of pharmacy, fashion/textile, followed by tourism.

Economy Minister Sunat Atun and Finance Minister Dursun Oğuz were in Istanbul the other day in this context.

The 37th Ministerial Meeting of the Organization of Islamic Cooperation (OIC) Economic and Commercial Cooperation Standing Committee (COMCEC), chaired by Turkish President Recep Tayyip Erdogan, was held at the Istanbul Congress Center under the direction of Vice President Fuat Oktay.

Ministers attended the 37th Ministerial Meeting of the OIC Standing Committee on Economic and Commercial Cooperation (COMCEC).

Minister of Finance Dursun Oğuz gave a speech at the COMCEC Meeting on the topic of "The Role of Islamic Finance" in supporting Micro Enterprises and SMEs against the Covid-19 epidemic this year.

The Minister of Economy and his delegation also attended the Halal Expo fair.

The fair hosted representatives from many sectors, including food, cosmetics, finance and tourism, as well as organizations from fields such as logistics and publishing.

For the 8th OIC Halal Expo 2021 fair held between 25-28 November and related information and links https://www.helalexpo.com.tr/

MINISTER OF ECONOMY Sunat Atun: “WE ARE DESIRED TO PROVIDE THE NECESSARY EASE…”

Making a speech at the fair, TRNC Economy and Energy Minister Sunat Atun said that Muslim countries' meat imports are around 10 billion dollars, and that these imports are generally made from non-Muslim countries such as Brazil, Australia, India, France and China.

Stating that the Turkish Republic of Northern Cyprus pays attention to trade with Islamic countries, Atun said, "We want to establish stronger, more permanent and more sustainable social, economic and commercial ties with the participating Islamic countries. It is willing and determined to offer you the necessary convenience with support and support." used the phrases.

HALAL GOODS/PRODUCT STANDARDIZATION IS PROGRESSING SLOWLY; THIS IS AN ADVANTAGE FOR TRNC

In the organization, it was learned that the main topic this year is the evaluation and planning perspectives on the situation of medium-sized businesses, recession and how they can survive through Islamic finance during the pandemic process.

In addition, the Minister of Economy Sunat Atun and his delegation made various contacts on Halal Expo.

HALAL EXPO INITIATIVES WILL BE MADE

It is expected that the TRNC will accelerate the contacts on how halal products can be more documented and used more in the world, its standardization, certification and commercial advantage, especially in Islamic countries.

The fact that halal products and standardization is something that progresses slowly in the world is also considered to be an advantage for the TRNC, and it is stated that contacts and initiatives will gain speed to take place in this market.