Committee for Economic Cooperation of the OIC

EENI- School of International Business

Sub-subject: The Standing Committee for Economic and Commercial Cooperation of the Organisation of Islamic Cooperation (COMCEC). Syllabus:

1. Introduction to the Standing Committee for Economic and Commercial Cooperation of the OIC
2. Objectives of the COMCEC
3. Cooperation areas of the Standing Committee for Economic and Commercial Cooperation of the Organisation of Islamic Cooperation (COMCEC)
   1. Foreign Trade
   2. Transport
   3. Agriculture
   4. Tourism
   5. Financial cooperation
   6. Poverty reduction
   7. The private sector
4. Trade Preferential System among the Member States of the Organisation of Islamic Cooperation (TPS-OIC)
5. The Foreign Trade between the members of the Organisation of Islamic Cooperation and the world

Sample of the sub-subject: The Committee for Economic and Commercial Cooperation (OIC-COMCEC)

Description of the Sub-Subject: The Standing Committee for Economic and Commercial Cooperation of the OIC (COMCEC).

1. The Standing Committee for Economic and Commercial Cooperation of the Organisation of Islamic Cooperation (COMCEC) consists of fifty-seven Arab countries and five observer countries
2. The Committee acts as a forum to boosting foreign trade in Arab Countries
3. The main objective of the committee is to promote regional trade and economic cooperation among the Islamic Ummah (Arab Countries) and the development of the international trade among Arab markets (goal: 20% of intra-OIC trade by 2015, 18% in 2013)
4. The Standing Committee for Economic and Commercial Cooperation has implemented the Preferential System among the Member States of the OIC (TPS-OIC) and the roadmap to achieve 20% of intra-OIC trade in 2015.
5. The Standing Committee for Economic and Commercial Cooperation manages the Islamic Trade Fairs, the Programme for the Development of Africa, and the Islamic Solidarity Fund.
6. The main objective of the “Framework Agreement on the Transport Cooperation” is to establish a secure transport system among the Organisation of Islamic Cooperation (OIC) member countries

The Standing Committee for Economic and Commercial Cooperation (Organisation of Islamic Cooperation) member countries are

1. African countries of the COMCEC are Algeria, Benin, Chad, Egypt, Guinea, Libya, Mali, Mauritania, Morocco, Mozambique, Niger, Nigeria, Sierra Leone, Gabon, the Gambia, Guinea-Bissau, Uganda, Burkina Faso, Cameroon, the Comoros, Djibouti, Togo, Ivory Coast, Senegal, Sudan, Somalia, and Tunisia
2. Asian countries of the COMCEC are Afghanistan, Bahrain, Bangladesh, Brunei Darussalam, Indonesia, Iran, Jordan, Kuwait, Lebanon, Malaysia, Pakistan, Palestine, Saudi Arabia, Yemen, Oman, Qatar, Syria, the United Arab Emirates (UAE), Iraq, Maldives, the Kyrgyz Republic, Tajikistan, Turkmenistan, Kazakhstan, and Uzbekistan
3. American countries of the Standing Committee for Economic and Commercial Cooperation are Suriname and Guyana
4. European countries of the COMCEC are Albania, Azerbaijan, and Turkey
5. Observer countries are Bosnia and Herzegovina, Thailand, and the Central African Republic
6. The main religion of the Member countries of the Standing Committee for Economic and Commercial Cooperation of the OIC (COMCEC) is the Islam

The Standing Committee for Economic and Commercial Cooperation belongs to the Islamic Civilisation and the African Civilisation.