The Head of the Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) has pressured the necessity for establishing a joint Islamic market among the many members of the Group of Islamic Cooperation (OIC) over the following 10 years, the ICCIMA portal reported on Thursday. 

Addressing a gathering of the heads of OIC member chambers of commerce on the sidelines of the “Russia – Islamic World: KazanForum 2023” in Russia, Gholam-Hossein Shafeie mentioned, “An essential problem that has been mentioned loads up to now and the group ought to take note of it within the present scenario is the creation of a standard Islamic market within the subsequent 10 years, which could be achieved by concluding a free commerce settlement amongst Islamic international locations and eradicating tariff and non-tariff obstacles.”

“Consultants have labored on the Islamic market plan, and utilizing the experiences and research of those specialists can positively be a approach ahead,” he added.

The Group of Islamic Cooperation, which was shaped in 1972, in the present day has reached a place the place, in accordance with statistics, the way forward for the world’s vitality could be within the arms of the Group of Islamic Cooperation, Shafeie mentioned in his speech.