(Kuala Lumpur, 22nd) Malaysia has proposed expanding the Organization of Islamic Cooperation (OIC) Trade Preferential System and lowering trade barriers to strengthen economic ties among member countries.
This proposal was put forward by Foreign Minister Datuk Seri Mohamad Hasan while delivering Malaysia’s national statement at the 51st OIC Foreign Ministers Council Meeting held in Istanbul, Turkey, on Saturday.
Mohamad Hasan pointed out that as the world’s second largest intergovernmental organization, the OIC possesses tremendous potential for strategic partnerships.
He said that the first ASEAN-Gulf Cooperation Council-China Summit, led by Malaysia and held in May this year, resulted in the formation of a historic new economic partnership, marking an important milestone for regional cooperation.
“Malaysia believes that this can help developing countries circumvent the impact of the US-China trade war.”
The theme of this meeting is “The OIC in a World of Change,” and attracted over 40 foreign ministers from the 57 OIC member states.
Senior representatives from nearly 30 international organizations also participated in this meeting, including the United Nations, the Arab League, the D8 Organization for Economic Cooperation, the International Organization for Migration, and the World Trade Organization, reflecting the urgency of the current regional situation.
This proposal was put forward by Foreign Minister Datuk Seri Mohamad Hasan while delivering Malaysia’s national statement at the 51st OIC Foreign Ministers Council Meeting held in Istanbul, Turkey, on Saturday.
Mohamad Hasan pointed out that as the world’s second largest intergovernmental organization, the OIC possesses tremendous potential for strategic partnerships.
He said that the first ASEAN-Gulf Cooperation Council-China Summit, led by Malaysia and held in May this year, resulted in the formation of a historic new economic partnership, marking an important milestone for regional cooperation.
“Malaysia believes that this can help developing countries circumvent the impact of the US-China trade war.”
The theme of this meeting is “The OIC in a World of Change,” and attracted over 40 foreign ministers from the 57 OIC member states.
Senior representatives from nearly 30 international organizations also participated in this meeting, including the United Nations, the Arab League, the D8 Organization for Economic Cooperation, the International Organization for Migration, and the World Trade Organization, reflecting the urgency of the current regional situation.