COMCEC 33rd Session in Istanbul to highlight activities to meet 25% target of intra-OIC trade | NewsUpdate | News and Press Releases from a wide range of Authentic and Reliable resources

COMCEC 33rd Session in Istanbul to highlight activities to meet 25% target of intra-OIC trade


Istanbul (OIC-UNA) � The 33rd Session of the OIC Standing Committee on Economic and Commercial Cooperation (COMCEC) kicked off Monday in the Turkish city of Istanbul with the Preparatory Meeting of Senior Officials ahead of the Ministerial Meeting scheduled for Wednesday.

The Ministerial Meeting will be attended by Turkey's President Recep Tayyip Erdogan, the chairman of COMCEC, and Secretary General of the Organization of Islamic Cooperation (OIC) Dr. Yousef bin Ahmed Al-Othaimeen, as well as the relevant ministers from the OIC member states.

In presenting the report of the OIC General Secretariat, Assistant Secretary General for Economic Affairs Ambassador Hameed Opeloyeru reviewed the latest steps taken by the General Secretariat and institutions active in the economic field since the COMCEC 32nd Session held in Istanbul in November 2016, to follow up the implementation of OIC-2025: Program of Action.

Ambassador Opeloyeru highlighted the activities targeted to achieve the level of OIC intra-trade set at 25 percent by the year 2025, including the objective of establishing a free trade zone in light of the anticipated implementation of the existing trade preferential system.

The report focuses on the progress recorded in the economic domain and the accomplishments made by the OIC and its institutions active in the economic and commercial fields, namely agriculture; food security and rural development; employment and productivity; intra-trade and investment; tourism development; cooperation in the area of transport; poverty alleviation programs; infrastructure development; and regional integration policies in OIC countries.

The focus of the 33rd Session of COMCEC is the development of trans-border transportation corridor projects in the OIC member states, given the fact that this sector is among the main priorities of the OIC's economic cooperation agenda and because transportation is a major catalyst of economic development and competitiveness. The session will have four ministerial meetings to discuss the improvement of trans-border transport corridors in the OIC member states.

Source: International Islamic News Agency


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