[20 Nov 2013] 29th session of COMCEC underway in Istanbul - English

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20   November   2013   29th   session   of   COMCEC   underway   in   Istanbul   PTV   Presstv   English   The   Standing   Committee   for   Economic   and   Commercial   Co   operation   of   the   Organization   of   Islamic   Co   operation  

The Standing Committee for Economic and Commercial Co-operation of the Organization of Islamic Co-operation (COMCEC) was established in Mecca in 1981. The OIC is an organization of 57 Muslim countries that make up 22% of the world\'s population but only 11% of the world\'s GDP. The Organization of Islamic Co-operation has been working for four decades to contribute to the economic development of its members. Today the organisation has four trillion dollar economies, Indonesia, Iran, Saudi Arabia, and Turkey, who together are responsible for nearly half of all the intra-OIC trade and foreign direct investment. This session of COMCEC covered topics ranging from the expansion of intra-OIC trade, financial co-operation, and better infrastructure to sustainable tourism and poverty eradication. Over 500 delegates from more than 50 countries and a dozen international organizations have met here today in Istanbul at the 29th international COMCEC conference. The main message of the conference is the need for greater co-operation and co-ordination between the member states of the OIC to increase trade which will be beneficial to all their economies.

Added by PTV on 21-11-2013
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