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COMCEC Trade Outlook 2016

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of trade, limited access to overseas markets, inadequate financial resources and underdeveloped

financial systems.

Besides giving background information on the activities of the COMCEC for increasing intra-OIC

trade, the document also introduces the COMCEC Strategy for increasing trade and addressing

the common obstacles faced by the Member States towards reaching this goal.

This Outlook has six sections: The First Section provides the latest trends and developments in

global trade.

The Second Section gives a general overview of the total trade of the OIC Member States. It

outlines the characteristics of trade between the Member States and the rest of the world by

highlighting the composition, direction and the volume of the OIC Member States’ trade and by

evaluating the degree of openness of the OIC Member States.

In the Third Section a general overview of the intra-trade of the OIC Member States is provided

in terms of composition and origin as a group as well as subgroups within the OIC.

The Fourth Section provides a general overview of the trade environment in the OIC Member

States. It summarizes the basic challenges commonly faced by many Member States regarding

trade liberalization, trade facilitation, trade promotion and trade financing.

The Fifth Section concentrates on the role of the COMCEC in improving the trading environment

in the Member States and enhancing intra-OIC trade.

Finally, the Sixth Section concludes.