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CA moots idea of Islamic common market at OIC summit

March 15, 2008 00:00:00


Chief Adviser Dr Fakhruddin Ahmed Friday called for using the vast resources of the Muslim countries to assist the Muslim Ummah and meet their various needs, reports UNB.
He made the call while speaking at a general discussion of the 11th summit of the Organisation of Islamic Conference (OIC) on the second and concluding day at the King Fahd Complex.
Expressing happiness over increasing of intra-OIC trade, he said economic interdependence facilitates political unity.
He stressed the need for examining in greater depths the possibilities of an Islamic Common Market.
'Trade among Islamic nations should be designed for all (in a way) so the poorest amongst us can profit from (it),' he said.
Dr Ahmed said, 'As chair of LDCs, many of whom are in Africa, Bangladesh would call for a special OIC Programme of Action for the Ummah's neediest.'
Dr Ahmed said, 'Many of us in the Ummah are blessed with vast resources of varied kinds. We're eager to use these in a manner to assist our peoples and satisfy their various needs. Thus OIC should be able to help device methodologies for these purposes.'
The Chief Adviser said, 'Our manpower could be better organised responding to our different requirements.
Our sovereign wealth funds and surpluses could be devoted to improving our knowledge base in technology to help the future generations and the youths of the Muslim world.'

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