ECONOMY
28th meeting of COMCEC held in Istanbul
Istanbul, October 11 (AZERTAC). The 28th session of the Standing Committee for Economic and Commercial Cooperation of the Organization of the Islamic Cooperation (COMCEC), chaired by the Turkish president was held in Istanbul from 8-11 October 2012. The session is attended by delegations from the OIC member states, representatives of the OIC General Secretariat and its institutions working in the field of economy and trade, as well as representatives of some international and regional organizations.
Azerbaijani delegation also took part at the event.
The Standing Committee for Economic and Commercial Cooperation of the Organization of Islamic Cooperation (COMCEC) is one of the four Standing Committees which the OIC has formed to advance issues of critical importance to the Organization and its Member States. This ministerial committee was established pursuant to resolution 13/3-P (IS) adopted by the 3rd Islamic Summit Conference held in Makkah al Mukarammah and Taif in the Kingdom of Saudi Arabia in January 1981. COMCEC follows up the implementation of resolutions in the economic and trade fields, explores possible means of strengthening cooperation among the Member States, and prepares programmes and proposals capable of improving capacities in these areas. COMCEC is chaired by Turkish President.
OIC General Secretary Ekmeleddin Ihsanoglu, Turkey’s minister of development Cevdet Yilmaz and others noted the positive influence of commercial cooperation among the OIC member countries on poverty reduction, promotes to solve customs and tax questions.