Trade between Islamic countries reaches USD 275 bln
Trade between the member states of the Organization of the Islamic Conference (OIC) reached USD 275 billion in 2008, said on Tuesday in Cairo the Director General of the OIC, Allal Rachdi.
“Trade between Islamic countries represented 16.6% of their overall trade in 2008, against 10% in 2000,” Rachdi explained at the 13th forum of Muslim businessmen.
Concerning Morocco, the OIC official told MAP news agency that the country's trade with these states represented 12% of its overall commercial transactions.
Highlighting the Moroccan economic potential, Rachdi underlined that his organization is taking a number of measures to boost trade between its member states.
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