29th Session of the COMCEC

Date : 18-21 November 2013 Venue : Istanbul - Turkey

The 29th Session of the COMCEC was held in Istanbul on 18-21 November 2013 with the participation of the OIC Member States and relevant OIC, regional and international institutions. The Meeting of the Senior Officials of the 29th Session of the COMCEC was held on 18-19 November, where the delegations of the Member States and the OIC institutions considered and deliberated on a number of agenda items related to various issues of enhancing economic and commercial cooperation among the Member States.

The issues included: Review of the implementation of the OIC Ten-Year Program of Action and the Plan of Action to Strengthen Economic and Commercial Cooperation among the OIC Member States; World economic developments with special reference to the OIC member countries; Recent developments in intra-OIC trade, the Trade Preferential System among the OIC Member States (TPS-OIC), Priority Sectors (agriculture, tourism and transportation) and exchange of views on the theme “Increasing FDI Flows to OIC Member Countries”; Financial cooperation among the OIC member countries: cooperation among Stock Exchanges, Central Banks and Capital Markets’ Regulatory Bodies of the OIC member countries; Poverty alleviation: Islamic Solidarity Fund for Development (ISFD), Special Program for Development of Africa (SPDA), OIC-Cotton and OIC-VET programs; Enhancing relations with the private sector. In their deliberations on all these issues, the Senior Officials discussed and considered the recommendations and policy implications of many technical and background reports prepared and presented by various relevant OIC institutions as well as those of some related international and regional organizations. They also prepared the Draft Resolutions on these issues for consideration by the Ministerial Meeting, which was held on 20-21 November 2013 under the Chairmanship of H.E. Abdullah Gül, President of Turkey and Chairman of COMCEC.