OIC countries must strengthen to compete

OIC countries must strengthen to competeAt this year’s Muslim World Biz and Jewel Of Muslim World Awards held in Kuala Lampur, Minister Tan Sri Nor Mohamed Yakcop suggested that Islamic countries are uniquely poised to do business both amongst themselves and internationally. The Organisation of the Islamic Conference members currently do about 17% of trade with each other, but Nor Mohammad called for a spirit of teamwork amongst the nations to increase output and trade.

The 57 OIC members only account for about 7% of the world’s GDP, so efforts are necessary to increase the presence of Muslim countries, especially smaller ones.  The disparity amongst OIC countries is also large internally, with the top ten countries producing 71% of exports and generating 78% of direct foreign investments while only representing 57% of the population.

 



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At this year’s Muslim World Biz and Jewel Of Muslim World Awards held in Kuala Lampur, Minister Tan Sri Nor Mohamed Yakcop suggested that Islamic countries are uniquely poised to do business both amongst themselves and internationally. The Organisation of the Islamic Conference members currently do about 17% of trade with each other, but Nor Mohammad called for a spirit of teamwork amongst the nations to increase output and trade. The 57 OIC members only account for about 7% of the world’s GDP, so efforts are necessary to increase the presence of Muslim countries, especially smaller ones.  The disparity amongst...

OIC countries must strengthen to competeAt this year’s Muslim World Biz and Jewel Of Muslim World Awards held in Kuala Lampur, Minister Tan Sri Nor Mohamed Yakcop suggested that Islamic countries are uniquely poised to do business both amongst themselves and internationally. The Organisation of the Islamic Conference members currently do about 17% of trade with each other, but Nor Mohammad called for a spirit of teamwork amongst the nations to increase output and trade.

The 57 OIC members only account for about 7% of the world’s GDP, so efforts are necessary to increase the presence of Muslim countries, especially smaller ones.  The disparity amongst OIC countries is also large internally, with the top ten countries producing 71% of exports and generating 78% of direct foreign investments while only representing 57% of the population.

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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