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ii

TABLE OF CONTENTS

List of Figures iii List of Tables iv List of Boxes iv INTRODUCTION .....................................................................................................................................1 1. DEVELOPMENTS IN GLOBAL MERCHANDISE TRADE..........................................................3 1.1. Recent Trends in World Merchandise Trade 5 2. MERCHANDISE TRADE BETWEEN OIC AND THE WORLD............................................... 10 2.1. Main Characteristics of Total OIC Merchandise Exports 15 2.2. Main Characteristics of Total OIC Merchandise Imports 21 3. INTRA-OIC MERCHANDISE TRADE ......................................................................................... 23 3.1. Intra-OIC Merchandise Exports 25 3.2. Intra-OIC Merchandise Imports 27 3.3. Intra Trade Balance 27 4. TRADE IN COMMERCIAL SERVICES ........................................................................................ 29 4.1. Trends in Global Trade in Commercial Services 29 4.2. Trade in Commercial Services in the OIC Member Countries 31 5. TRADE ENVIRONMENT IN THE OIC MEMBER STATES..................................................... 37 6. THE ROLE OF THE COMCEC IN INCREASING INTRA-OIC TRADE .................................. 54 7. CONCLUSION................................................................................................................................... 68 8. REFERENCES................................................................................................................................... 70 9. APPENDIX:....................................................................................................................................... 74