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Thematics

Islamic Centre for Development of Trade (ICDT)

est. 2006

OVERVIEW

The Islamic Centre for Development of Trade (ICDT) is the subsidiary organ of the Organization of Islamic Cooperation, responsible for promoting trade and investment amongst member states of the Organization of Islamic Cooperation (OIC).

The OIC (formerly Organization of the Islamic Conference) is the second largest inter-governmental organization after the United Nations. The organization’s fundamental purposes are to strengthen the solidarity and cooperation among the Member States. Over the last 40 years, the membership has grown from its 25 founding members to 57 states including 28 African member states.

OBJECTIVES

ICDT’s main objectives are as follows:

  • To encourage regular trade exchanges among Member States
  • To promote investments likely to develop trade flows
  • To contribute to the promotion of Member states’ products and encourage access to foreign markets
  • To promote trade information
  • To assist Member States in the fields of Trade Promotion and international negotiations
  • To extend assistance to enterprises and economic operators
  • To participate in the trade fairs organized by ICDT

ICDT’s activities include: TRADE PROMOTION:

  • To promote contacts between Member States’ Businessmen;
  • To ensure the promotion of Member States’ production by regularly holding the Islamic Trade Fairs and specialized shows;
  • To assist Member States to establish Export Promotion Centres;
  • To provide consultancy and expert services to Member States in the field of trade

TRADE INFORMATION:

  • To collect and disseminate trade information
  • To develop trade databases and facilitate their remote access
  • To assist member states with setting up and organizing documentation and information centres and Trade Information Networks

INVESTMENT PROMOTION:

  • To encourage intra-OIC investments
  • To promote foreign investments in the OIC Member States
  • To encourage partnership between Member States’ economic operators
  • To provide consultancy and expert services to Member States in the area of investments promotion and in particular export oriented investments

STUDIES AND RESEARCH:

  • To publish an annual report on Inter-Islamic Trade
  • To undertake sectoral, product and market studies
  • To examine the ways and means likely to eliminate obstacles to trade among Member States

TRAINING:

  • To organize seminars and training sessions
  • To help Member States establish expert groups in the various fields of trade development

INTERNATIONAL NEGOTIATIONS:

  • Assist Member States in trade negotiations
  • To extend assistance to enterprises with a view to facilitating their adaptation to economic globalization