Standing Committee for Economic and Commercial Cooperation

The Standing Committee for Economic and Commercial Cooperation of the Organisation 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 H.E. the President of the Republic of Turkey.

COMCEC has been convening annually at the Ministerial Level in Istanbul since 1984. During the annual sessions of the COMCEC, the delegations of the Member States and the OIC institutions consider and deliberate on a number of agenda items related to various issues of enhancing economic and commercial cooperation among the Member States. These issues ranged from enhancing intra-OIC trade and investment to cooperation among the key economic and policy institutions such as the stock exchanges, central banks, etc. Also, during the annual sessions of the COMCEC, the Ministers of Economy and Trade of the OIC Member Countries exchange their views and elaborate on specific issues with the aim of enhancing and strengthening economic and commercial cooperation among the Member Countries in the face of the global economic challenges. Prior to the annual sessions of the COMCEC, the Follow-up Committee of the COMCEC convenes with the participation of a number of the Member Countries, who are member in this Committee, together with the relevant OIC institutions.

Since 1984, SESRIC has been actively participating in the annual sessions of the COMCEC and its Follow-up Committee meetings through submitting and presenting various background reports and studies on various important agenda items of the COMCEC.

The Official COMCEC Web Site: http://www.comcec.org

Planned / Implemented Meetings

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Twenty-Fifth Session of the Standing Committee for Economic and Commercial Cooperation of the Organisation of the Islamic Conference (COMCEC)
Date : 05-09 November 2009 Venue : Istanbul Turkey

The 25th Session of the COMCEC convened in Istanbul on 5-7 November 2009 with the participation of delegates from 52 OIC member countries. Bosnia-Herzegovina, Russian Federation, Kingdom of Thailand and Turkish Republic of Northern Cyprus participated in the Session as observers and Republic of Macedonia as a guest. The OIC General Secretariat, subsidiary, specialized and affiliated organs of the OIC also participated in the Session. A number of international and regional organizations, such as ECO, ECO Bank, FAO, D-8, and the Arab Organisation for Agricultural Development (AOAD) attended the Session.

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Director General of SESRIC Participated in OIC/COMCEC Business Forum
Date : 05-06 November 2009 Venue : Istanbul Turkey

Dr. Savaş Alpay, Director General of SESRIC, participated in the OIC/COMCEC Business Forum that was organized by the Union of Chambers and Commodity Exchanges of Turkey (TOBB) and the Independent Industrialists and Businessmen’s Association (MUSIAD) on 5-6 November 2009 in Istanbul, Turkey, on the sidelines of the 25th Session of the COMCEC.

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The 25th Meeting of the Follow-up Committee of the COMCEC
Date : 12-14 May 2009 Venue : Izmir Turkey

The 25th Meeting of the Follow-up Committee of the COMCEC was held on 12-14 May 2009 in Izmir, Turkey, with the participation of 11 member countries of the Committee (Saudi Arabia, Turkey, Palestine, Senegal, Kuwait, Iran, Cameroon, Pakistan, Qatar, Indonesia and Sierra Leone). United Arab Emirates also attended the Meeting as observer. The OIC General Secretariat and the following subsidiary, affiliated and specialised organs (SESRIC, ICDT, IDB, ICCI, IUT, ITFC, OISA and ICYF-DC) attended the Meeting.

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