Qatar calls for consolidation of commercial co-operation of Islamic countries for boosting intra-trade

Qatar calls for consolidation of commercial co-operation of Islamic countries for boosting intra-trade

Sultan bin Rashid al-Khater, undersecretary of the Ministry of Commerce and Industry, has stressed the need to consolidate economic and commercial co-operation among Islamic countries for enhanced intra-trade.

Qatar has suggested further consolidation of economic and commercial co-operation among Islamic countries for enhancing the share of intra-trade to 25% by 2025.Addressing the ministerial session of the Standing Committee for Economic and Commercial Co-operation of the Organisation of the Islamic Co-operation (COMCEC) in Turkiye, Sultan bin Rashid al-Khater, undersecretary of the Ministry of Commerce and Industry (MoCI), highlighted the "significant" geostrategic challenges, influencing the global economic landscape, which require close collaboration within the Islamic community.He stressed on the need for the consolidation of economic and commercial co-operation under COMCEC, which was established in 1981 and operates as the foremost platform for nurturing multilateral economic and commercial cooperation within the Islamic world, to propel collective Islamic initiatives forward and support intra-trade relationships among the member states of the organisation.The MoCI official expressed hope that the meeting will support the launch of initiatives and the establishment of a shared understanding to facilitate the active involvement of all member states, encompassing the implementation of the ten-year plan of action of the Organisation of