(MENAFN- The Peninsula) Doha: Minister of Commerce & Industry H E Sheikh Mohammed bin Hamad bin Qassim Al Thani, chaired Qatar's delegation participating in the meetings of the 37th session of the Standing Committee for Economic & Commercial Cooperation of the Organization of Islamic Cooperation (COMCEC), presided by President of the Republic of Turkey H E Recep Tayyip Erdogan, in Istanbul, over November 24-25.
During the session, the COMCEC Strategy Implementation Report was discussed, in addition to showcasing the Organization of Islamic Cooperation (OIC) Program of Action for the period 2016-2025 (OIC-2025: Program of Action). The OIC General Secretariat submitted a report on the progress and latest developments in terms of implementing the OIC-2025: Program of Action.
The meeting also shed light on global economic developments, with special reference to the socio-economic impacts of the COVID-19 pandemic on OIC member States. In this regard, the Statistical, Economic and Social Research and Training Center for Islamic Countries (SESRIC) presented its annual report on global economic developments, in light of which the member countries previewed their experiences pertaining to recent economic developments.
Moreover, the meeting touched on several issues related to intra-OIC trade among the OIC member States. Additionally, the heads of the delegations participating in the meeting tackled many topics of common interest, including discussing ways to improve the role of the private sector in economic cooperation among the member States. In this context, the Islamic Chamber of Commerce, Industry and Agriculture presented its report on the recent developments in private sector meetings.
Established in 1981, COMCEC is the main platform for multilateral economic and commercial cooperation in the Islamic world. COMCEC acts as the central forum through which the common development challenges facing the Islamic Nation are addressed.
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