DRAFT Improving the SMEs Access to Trade Finance
in the OIC Member States
61
Table 6: OIC Export Markets
Source: COMCEC Trade Outlook 2013/ITC TradeMap
In addition to the overarching desire among OIC Member States to champion and enable
greater collaboration and increased trade flows, the data suggest a need to diversify trade
activity on several levels:
 Engaging a larger number of OIC Member States in a greater share of global and intra-
OIC trade flows
 Expansion of trade activity beyond oil and oil-related products and services
 Active pursuit of new trade markets, particularly in light of ongoing sovereign crisis
issues in Europe and ongoing economic issues in the United States
GCC and other Arab states have worked actively to diversify economic activity and to develop
new markets internationally, and such efforts must clearly continue. The availability of
adequate levels of trade finance link directly to the above objectives, as does the success and
sustainable activity of SMEs across OIC Member States.
OIC Member States engaged in oil export include: Algeria, Azerbaijan, Cameroon, Chad, Cote
d’Ivoire, Egypt, Gabon, Iran, Iraq, Kazakhstan, Kuwait, Libya, Malaysia, Nigeria, Qatar, Saudi
Arabia, Sudan, Syria, Turkmenistan, U.A.E, Uzbekistan and Yemen. Those not involved in oil
exports include: Afghanistan, Albania, Bahrain, Bangladesh, Benin, Brunei, Burkina Faso,
Comoros, Djibouti, Gambia, Guinea, Guinea-Bissau, Guyana, Indonesia, Jordan, Kyrgyz,
Lebanon, Maldives, Mali, Mauritania, Morocco, Mozambique, Niger, Oman, Pakistan, Palestine,
Senegal, Sierra-Leone, Somalia, Suriname, Tajikistan, Togo, Tunisia, Turkey and Uganda.
The top ten leaders in intra-OIC trade account for a significant share of intra-Member trade
flows, with the UAE long serving as a regional re-export hub, but also more recently extending
its influence and reach as a global hub for logistics, transport and trade activity. The early
adoption of emerging trade financing solutions such as the Bank Payment Obligation, by Dubai
Trade on behalf of its member companies, provides one illustration of the linkage between the