COMCEC

{{Short description|Standing committee of the Organisation of Islamic Cooperation}}

The Standing Committee for Economic and Commercial Cooperation (COMCEC) is one of four standing committees of the Organisation of Islamic Cooperation (OIC). It was established in 1981 at the Third Islamic Summit Conference held in Mecca/Ta'if and serves as a multilateral economic and commercial cooperation forum in the Islamic world. The committee convenes annually at ministerial level in Istanbul under the Chairmanship of the President of the Republic of Turkey.

The organization defines its scope of cooperation by trade, transport, agriculture, tourism, poverty alleviation, and financial as well as private sector cooperation.

Objectives

The COMCEC lists following objectives on its website:{{Cite web |url=http://www.comcec.org/EN_YE/default.aspx# |title=COMCEC |access-date=2014-11-25 |archive-url=https://web.archive.org/web/20141125040837/http://www.comcec.org/en_ye/default.aspx# |archive-date=2014-11-25 |url-status=dead }}

  • To address the economic challenges of the Islamic Ummah and to contribute to the development efforts of the Member States.
  • To produce and disseminate knowledge, share experience and best-practices, develop a common understanding, and approximate policies among the Member States in line with the vision and principles of its Strategy.4th Extraordinary Session of the Islamic Summit Conference (14–15 August 2012) {{cite web|title=COMCEC Strategy for Building an Interdependent Islamic World|url=http://www.comcec.org/UserFiles/File/28.isedak/Tum%20dokumanlar/Strategy/STRATEJI%20RAPORU-finallll%207%20kas%EF%BF%BDm.pdf|publisher=COMCEC Coordination Office|accessdate=November 25, 2014|archive-url=https://web.archive.org/web/20141218062922/http://www.comcec.org/UserFiles/File/28.isedak/Tum%20dokumanlar/Strategy/STRATEJI%20RAPORU-finallll%207%20kas%EF%BF%BDm.pdf#|archive-date=2014-12-18|url-status=dead}}
  • To serve as the central forum for the Member States to discuss international economic and commercial issues.
  • To study all possible means of strengthening economic and commercial cooperation among the Member States.
  • To draw up programs and submit proposals designed to increase the welfare of the Member States.
  • To ensure the overall coordination of the activities of the OIC relating to economic and commercial cooperation among the Member States.

History

  • November 14–16, 1984: First session of the COMCEC in Istanbul
  • September 4–7, 1988: At the fourth session of the COMCEC in Istanbul, the states adopted basic guiding principles to set up a trade preferential system among OIC Member States (Declaration of Intent).{{cite web |url=http://www.comcec.org/EN_YE/Yeni_Site_Dokumanlar/Previous_Comcec/COMCEC%2804_88%29E.pdf |title=Report and Resolutions of the Fourth Session of the COMCEC |publisher=COMCEC |date=September 7, 1988 |accessdate=December 31, 2014 }}{{Dead link|date=October 2019 |bot=InternetArchiveBot |fix-attempted=yes }}
  • October 7–10, 1990: At its sixth summit, COMCEC is presented a draft framework agreement on the Trade Preferential System which will be adopted afterwards.{{cite web |url=http://www.comcec.org/EN_YE/Yeni_Site_Dokumanlar/Previous_Comcec/COMCEC%2806_90%29E.pdf |title=Report and Resolutions of the Sixth Session of the COMCEC |publisher=COMCEC |date=October 10, 1990 |accessdate=December 31, 2014 }}{{Dead link|date=October 2019 |bot=InternetArchiveBot |fix-attempted=yes }}

Membership

= Member states =

{{div col|colwidth=22em}}

  • {{Flag|Egypt}} (Joining date: 1969)
  • {{Flag|Libya}} (Joining date: 1969)
  • {{Flag|Indonesia}} (Joining date: 1969)
  • {{Flag|Togo}} (Joining date: 1997)
  • {{Flag|Burkina Faso}} (Joining date: 1974)
  • {{Flag|Malaysia}} (Joining date: 1969)
  • {{Flag|Iraq}} (Joining date: 1975)
  • {{Flag|Tunisia}} (Joining date: 1969)
  • {{Flag|Guyana}} (Joining date: 1998)
  • {{Flag|Algeria}} (Joining date: 1969)
  • {{Flag|Kazakhstan}} (Joining date: 1995)
  • {{Flag|Turkey}} (Joining date: 1969)
  • {{Flag|Somalia}} (Joining date: 1969)
  • {{Flag|Bangladesh}} (Joining date: 1974)
  • {{Flag|Lebanon}} (Joining date: 1969)
  • {{Flag|Turkmenistan}} (Joining date: 1992)
  • {{Flag|Nigeria}} (Joining date: 1986)
  • {{Flag|Albania}} (Joining date: 1992)
  • {{Flag|Maldives}} (Joining date: 1976)
  • {{Flag|Uganda}} (Joining date: 1974)
  • {{Flag|Jordan}} (Joining date: 1969 )
  • {{Flag|Azerbaijan}} (Joining date: 1992)
  • {{Flag|Mali}} (Joining date: 1969)
  • {{Flag|Uzbekistan}} (Joining date: 1996)
  • {{Flag|Iran}} (Joining date: 1969)
  • {{Flag|Benin}} (Joining date: 1983)
  • {{Flag|Mozambique}} (Joining date: 1994)
  • {{Flag|Yemen}} (Joining date: 1969)
  • {{Flag|Mauritania}} (Joining date: 1969)
  • {{Flag|Cameroon}} (Joining date: 1974)
  • {{Flag|Niger}} (Joining date: 1969)
  • {{Flag|Qatar}} (Joining date: 1972)
  • {{Flag|Pakistan}} (Joining date: 1969)
  • {{Flag|Chad}} (Joining date: 1969)
  • {{Flag|Senegal}} (Joining date: 1969)
  • {{Flag|Brunei}}
  • {{Flag|Afghanistan}} (Joining date: 1969)
  • {{Flag|Ivory Coast}} (Joining date: 2001)
  • {{Flag|Sierra Leone}} (Joining date: 1972)
  • {{Flag|Oman}} (Joining date: 1972)
  • {{Flag|Bahrain}} (Joining date: 1972)
  • {{Flag|Djibouti}} (Joining date: 1978)
  • {{Flag|Tajikistan}} (Joining date: 1992)
  • {{Flag|Kuwait}} (Joining date: 1969)
  • {{Flag|Morocco}} (Joining date: 1969)
  • {{Flag|Gabon}} (Joining date: 1974)
  • {{Flag|Gambia}} (Joining date: 1974)
  • {{Flag|Palestine}} (Joining date: 1969)
  • {{Flag|Saudi Arabia}} (Joining date: 1969)
  • {{Flag|Guinea}} (Joining date: 1969)
  • {{Flag|Sudan}} (Joining date: 1969)
  • {{Flag|United Arab Emirates}} (Joining date: 1972)
  • {{Flag|Kyrgyzstan}} (Joining date: 1992)
  • {{Flag|Guinea-Bissau}} (Joining date: 1974)
  • {{Flag|Suriname}} (Joining date: 1996)
  • {{Flag|Comoros}} (Joining date: 1976)

{{div col end}}

= Observers =

  • {{Flag|Bosnia and Herzegovina}}
  • {{Flag|Thailand}}
  • {{Flag|Russia}}
  • {{Flag|Central African Republic}}
  • {{Flag|Northern Cyprus}}

The Trade Preferential System (TPS-OIC)

The Trade Preferential System aims to promote trade among the Member States of the OIC by means of exchanging preferences. It includes a Most-Favored Nation clause, providing that all states participating in the TPS-OIC receive equal trade advantages as the "most favoured nation" by the country granting such treatment.

=Trade among OIC countries=

The official website indicates a goal of 20% intra-OIC trade by the year 2015. However, some economists consider this goal to be unrealistic.{{cite web|title=Facilitating trade among muslim nations|date=23 April 2012 |url=http://www.dawn.com/news/712734/facilitating-trade-among-muslim-nations|publisher=DAWN MEDIA GROUP|accessdate= November 25, 2014}}

class="wikitable sortable" style="text-align:right"

!Year

!intra-OIC trade
(as % of total trade)

align="left" | 200916,7%
align="left" | 201017,0%{{cite web|title=Trade|url=http://www.comcec.org/EN_YE/icerik.aspx?iid=229|accessdate=November 25, 2014|archive-url=https://web.archive.org/web/20141129143228/http://www.comcec.org/EN_YE/icerik.aspx?iid=229#|archive-date=2014-11-29|url-status=dead}}
align="left" | 201117,8%
align="left" | 2012N.A.
align="left" | 201318,2%

=Legal documents=

  • [https://web.archive.org/web/20141129143057/http://www.comcec.org/EN_YE/Yeni_Site_Dokumanlar/Key_Areas/TPS-OIC/AGREEMENTS/TPSOIC_Framework_Agreement.pdf TPS-OIC Framework Agreement] (entry into force: 2002)
  • [https://web.archive.org/web/20141129143054/http://www.comcec.org/EN_YE/Yeni_Site_Dokumanlar/Key_Areas/TPS-OIC/AGREEMENTS/PRETAS.pdf Protocol on Preferential Tariff Scheme (PRETAS)] (entry into force: February 2010)
  • [https://web.archive.org/web/20141129143103/http://www.comcec.org/EN_YE/Yeni_Site_Dokumanlar/Key_Areas/TPS-OIC/AGREEMENTS/TPSOIC_Rules_of_Origin.pdf TPS-OIC Rules of Origin] (entry into force: August 2011)
  • [https://web.archive.org/web/20141129142931/http://www.comcec.org/EN_YE/Yeni_Site_Dokumanlar/Key_Areas/TPS-OIC/AGREEMENTS/Rules_of_Procedures_of_the_TNC.pdf Rules of procedures of the Committee]

References

{{reflist}}