Turkiye launches strategy to boost exports with Islamic countries

Turkiye has unveiled a comprehensive plan to increase exports to Muslim-majority countries, particularly Gulf states, as part of its strengthened trade and cultural relations. The “Export Development Strategy with Islamic Countries,” launched by the Ministry of Trade, aims to raise Turkiye’s export share to Islamic countries from 26 per cent to 30 per cent in the coming years, reports Turkiye Today.

The ministry, in its 2024 Corporate Financial Situation and Prospects Report, analysed trade and economic data from 55 member states of the Organisation of Islamic Cooperation (OIC). It identified 21 countries as key targets for Phase 1, including Azerbaijan, the UAE, Saudi Arabia, Egypt and Qatar. The focus will be on potential products in the agricultural and industrial sectors, where Ankara sees significant growth opportunities.

The strategy includes intensified promotion and marketing efforts, as well as initiatives to strengthen Turkiye’s role in global value chains. This initiative is seen as a critical milestone in Ankara’s foreign trade policy and is expected to contribute to the country’s broader economic growth goals by deepening its export links with Muslim countries.

Trade Minister Omer Bolat has previously stated that the new strategy aims to achieve its goals by 2028. Last month, Turkiye’s exports reached a record $22.1 billion representing a 2.4 per cent increase compared to the same period last year.

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