Organisation of Islamic Cooperation
The Collective Voice of The Muslim World
General Agreement for Economic, Technical and Commercial Cooperation among Member States of the Organization of the Islamic Conference
The General Agreement for Economic, Technical and Commercial Cooperation among the OIC Member States was adopted by the 8th Islamic Conference of Foreign Ministers (ICFM) held in Tripoli, Libya, in May 1977 and became effective in April 1981. The agreement aims at encouraging economic, technical and commercial cooperation among the OIC Member States. In particular, the agreement envisages that the Member States are to provide, where required, the necessary arrangements, guarantees and incentives to encourage the transfer of capital and investments among themselves, in conformity with the laws and regulations in force in each Member State, in order to promote the socio-economic development of all Member States and to provide new avenues for optimum utilisation of the economic resources available within the Muslim world...more
Agreement for the Promotion, Protection and Guarantee of Investment among Member States of The Organization of the Islamic Conference
The Agreement for Promotion, Protection and Guarantee of Investments among the OIC Member States was adopted by the 12th ICFM held in Baghdad, Iraq, in June 1981. It became effective in February 1988. The Agreement spells out the basic principles governing the promotion of capital transfers among member states and the protection of investments against commercial risks while guaranteeing the transfer of capital and its proceeds abroad. In particular, the agreement stipulates that the contracting parties shall permit the transfer of capitals among them and its utilization therein in the fields permitted for investment in accordance with their laws. The invested capital shall enjoy adequate protection and security and the host state shall give the necessary facilities and incentives to the investors engaged in activities therein...more
Framework Agreement on Trade Preferential System among the Member States of the Organization of the Islamic Conference
This Agreement was adopted as per Resolution No.1 of the 6th Session of the COMCEC held in Istanbul, Turkey, in October 1990. The Framework Agreement became effective in October 2002. The Framework Agreement on TPS-OIC is a basic document, which sets up the general principles towards establishing a preferential trade system among the OIC Member States. It aims at promoting trade among them through exchanging of trade preferences on the basis of equal and non-discriminatory treatment among all participating Member States and taking into account the Most Favoured Nation (MFN) principle. These preferences include tariff; Para-tariff and non-tariff concessions, and other trade preferential treatments to all commodities, including agricultural and animal products, and manufactured and semi-manufactured products. In general, the TPS-OIC aims to accord preferential tariff concession on selected goods among the participating OIC Member States...more
Protocol on the Preferential Tariff Scheme for TPS-OIC (PRETAS)
This Protocol was adopted as per Resolution No. 1 of the 21st Session of the COMCEC held in Istanbul, Turkey, in November 2005. This protocol has entered into force on 5th February 2010. The Protocol aims at pursuing the goals and objectives of the Framework Agreement on TPS-OIC while recognising the special needs of the least-developed members and giving due regard to the bilateral and multilateral commitments of individual member countries. The PRETAS mainly deals with reducing the tariffs of the products covered under the Scheme as well as para-tariff and non-tariff barriers. It outlines the optional fast track tariff reduction schedule and tackles issues such as rules of origin, anti-dumping, subsidies, countervailing and safeguard measures...more
TPS-OIC Rules of Origin
The TPS-OIC Rules of Origin was adopted as per Resolution No. 1 of the 23rd Session of the COMCEC held in Istanbul, Turkey, in November 2007. So far, 18 Member States signed the TPS-OIC Rules of Origin and 6 of them ratified it. The number of ratifying Member States required for this agreement to become effective is 10. After entering into force, the TPS-OIC Rules of Origin shall be applied for determining the origin of products eligible for preferential concessions under the TPS-OIC and PRETAS...more
Statute for the Islamic Civil Aviation Council
This Statute was adopted by the 13th ICFM held in Niamey, Niger, in August 1982. It has become effective since April 2004. According to the Provisions of this Statute, the Islamic Civil Aviation Council (ICAC) shall be a subsidiary organ of the OIC and the Headquarters of the Council shall be located in Tunis, Republic of Tunisia. The aims and objectives of the Council include reviewing the development of Civil Aviation among the Member States of the OIC, working for the attainment and promotion common regulations in the technical and economic field of air transport, and considering any problems that may arise in the field of Civil Aviation...more
Statute for the Standards and Metrology Institute for Islamic countries (SMIIC)
This Statute was adopted as per Resolution No.1 of the 14th Session of the COMCEC held in Istanbul, Turkey, in November 1998. After securing the ratifications of the Statute by 10 OIC Member States, the Statute of the SMIIC entered into force in May 2010. The inauguration and the first meeting of the General Assembly of the SMIIC were concurrently held in Ankara, Turkey on 2 August 2010...more
Statute of Islamic States Telecommunication Union (ISTU)
This Statute was adopted by the 15th ICFM held in Sana’a, Yemen, in December 1984. So far, this Statute is signed by 18 and ratified by 14 Member States. The Statute has not yet entered into force, since a minimum of 15 ratifications are needed. The Islamic States Telecommunications Union (ISTU) shall be a specialised organ of the OIC; and the Headquarters of the Union shall be located in the Islamic Republic of Pakistan. The ISTU aims at achieving a set of objectives in the telecommunications field, including, among others, ensuring self-sufficiency, integration and coordination among Member States in the telecommunications area...more
