COMCEC Trade Outlook 2017
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Table 8: Timeline of the TPS-OIC Negotiations
Furthermore, in order to contribute to the liberalization of trade in the Member States, COMCEC
also encourages the OIC Member States to join the WTO. In this regard, the Islamic Development
Bank (IDB) and the ICDT have been organizing several capacity building programmes in
cooperation with the Member States.
1988
•COMCEC adopted the basic principles (Declaration of Intent) that should guide the
efforts for the establishment of a trade preferential system
1990
•The Framework Agreement was adopted by the COMCEC, and presented to the
signature and ratification by the Member States
2002
•The required number of 10 ratifying states for the entry into force of the Framework
Agreement was reached.
2003
•Ministerial declaration of the COMCEC for the launching of the First Round of TPS-OIC
Negotiations.
2004-
2005
•First Round of Negotiations (Antalya round, 4 meetings) producing the Preferential
Tariffs Scheme (PRETAS)
2006
•Ministerial Declaration for the launching of the Second Round of Negotiations.
2006-
2007
•Second Round of Trade negotiations (Ankara Round, 4 meetings) producing the TPS-OIC
Rules of Origin.
2007
•Ministerial Declaration for submitting the Rules of Origin for signing and ratification,
and adopting the date of January 1st, 2009 for the operationalization of the System.
2010
•The required number of 10 ratifying states for the entry into force of the PRETAS was
reached.
2011
•The required number of 10 ratifying states for the entry into force of the Rules of Origin
was reached.
2014
•The required number of at least 10 member states that have both ratified all the three
agreements and submitted their concessions lists was reached.
2015-
2016
•COMCEC took consecutive resolutions for the full operationalization of the System.