Preferential Trade Agreements and Trade Liberalization Efforts in the OIC Member States
With Special Emphasis on the TPS-OIC
166
Table 35: Top 20 Products Imported by the Contracting Countries of TPS-OIC from the World (2007)
Product Product Name Source
TPS Share World Share
270900 Petr. oils & oils obt. crude 9,666,606.40 20.32% 23,227,793.45 3.88%
271019 Petr. oils & oils obt. excl crude 2,763,154.77 5.81% 14,199,483.72 2.37%
710812 Gold (incl. gold plated ) 944,515.45 1.98% 12,353,563.47 2.06%
854290 Parts of electr int circuits 4,292.74 0.01% 12,201,244.90 2.04%
870323 Vehicles 98,241.37 0.21% 10,110,833.85 1.69%
852520 Transm. appfor radio-teleph/teleg 341,571.87 0.72% 9,349,421.96 1.56%
847330 Parts& accessories 152,101.33 0.32% 9,336,713.50 1.56%
870324 Vehicles 61,377.65 0.13% 8,013,486.21 1.34%
271011 Light petr oils & preps. 1,114,943.28 2.34% 6,759,812.03 1.13%
854229 Mono int circuits, non-digital 156,451.76 0.33% 7,324,413.07 1.22%
711319 Articles of jewellery 1,743,553.76 3.66% 5,401,389.23 0.90%
720449 Ferrous waste 89,885.21 0.19% 6,643,548.34 1.11%
854260 Hybrid int circuits 58.29 0.00% 5,503,866.10 0.92%
740311 Cathodes & sections ? 24,117.89 0.05% 4,701,577.09 0.78%
870899 Parts / accessories of motor veh 125,767.47 0.26% 4,406,736.55 0.74%
710813 Gold (incl. gold plated ) 82,936.81 0.17% 4,367,356.03 0.73%
721420 Bars & rods of iron/steel 1,845,246.01 3.88% 2,249,874.24 0.38%
300490 Medicaments 68,932.45 0.14% 3,817,821.76 0.64%
710239 Diamonds, 27,929.70 0.06% 3,793,264.51 0.63%
880330 Parts of aeroplanes/helicopters 20,771.12 0.04% 3,795,425.68 0.63%
Total 19,332,455.33 40.63% 157,557,625.68 26.29%
Comtrade via WITS. Bahrain is not included
Finally we also consider the overall degree of similarity between the imports of the Contracting
Countries of TPS-OIC from themselves and from the world where oil products are once again
excluded. This enables us to consider the issue of trade diversion by country. For some countries
there is a relatively high degree of similarity. For example in 2012 for four countries the degree of
overlap is 30% or higher (Bangladesh, Jordan, Qatar and Saudi Arabia), whereas for Malaysia the
degree of overlap is only 10%. Where there is a relatively high degree of similarity of the import
structure from the TPS and the World, this suggests greater potential for trade diversion effects of
the agreements. Though as stressed earlier, this of course depends on the extent of any preferences
being granted, on how each member designs their concession lists and on how efficient the
respective partners are in supplying those products. On the basis of the import similarity indicators it
would appear that the greatest scope for trade di- version is for the UAE, Bangladesh and Saudi
Arabia; and conversely for Malaysia and Turkey.