Intergovernmental Experts Group on Accelerating the Implementation of the Plan of Action to Reinforce Economic and Commercial Cooperation among the OIC Member States Meet in Istanbul

OIC Press Release

9 May 2001

Intergovernmental Experts Group on Accelerating the Implementation of the Plan of Action to Reinforce Economic and Commercial Cooperation among the OIC Member States Meet in Istanbul

The Secretary -General of the Organization of the Islamic Conference, Dr. Abdelouahed BELKEZIZ, commended the efforts exerted by the Standing Committee for Economic and Commercial Cooperation (COMCEC) under the chairmanship of His Excellency Ahmet Necdet Sezer, the President of the Republic of Turkey, in order to develop an economic conglomerate in the form of an Islamic Common Market, to reinforce intra-trade among the OIC Member States, and to accelerate the flow of information.

In his statement to the Intergovernmental Experts Group on Accelerating the Implementation of the Plan of Action to Reinforce Economic and Commercial Cooperation among the OIC Member States which met in Istanbul, Republic of Turkey, from 12 to 13 Safar 1422H (6-7 May 2001), the Secretary General said: “Despite the adoption of this Plan of Action since the beginning of 1981, its implementation did not begin until 1994 following the introduction of amendments to the Plan, and even then, the implementation has been very slow. The meetings held by the Experts Group so far have only addressed three areas of the Plan: (i) Currency and Capital Flow; (ii) Facilitating the External Trade of Member States: and (iii) Technical and Technological Cooperation”. The Secretary-General underlined the urgent need to achieve global progress on the implementation of the Plan of Action, calling on the Experts Group to explore the reasons underlying the lack of adequate response by the Member States, identify the obstacles, and formulate proposals leading to the necessary remedial measures.

Dr. BELKEZIZ emphasized that the implementation of the Plan of Action to Reinforce Economic and Commercial Cooperation among the OIC Member States hinged on the political will of the Member States — an expression which is often repeated during the various sessions of the Islamic Summit Conference and the Islamic Conference of Foreign Ministers, but which must be translated into practical initiatives through the actual implementation of the Plan of Action.

The Secretary-General of the Organization of the Islamic Conference expressed his satisfaction at the intellectual contributions and valuable efforts exerted by the OIC affiliated institutions, particularly the Islamic Development Bank, the Islamic Chamber of Commerce and Industry, the Islamic Shipowners’ Association, the Statistical, Economic, and Social Research and Training center for Islamic Countries, and the Islamic center for the Development of Trade in pursuing the best ways and means to develop intra-trade among the OIC Member States and lay adequate and sound foundations conducive to the establishment of the Islamic Common Market.

 

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