Islamic state leaders start economic summit in Istanbul

18:01, November 09, 2009      

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Leaders from Islamic states under the Organization of the Islamic Conference (OIC) started the economy summit with a focus on economic and commercial cooperation on Monday.

The OIC Economy Summit is being held at Istanbul's Four Seasons Hotel to mark the 25th anniversary of the committee.

The one-day meeting is chaired by Turkish President Abdullah Gul, who called on the Islamic countries to strengthen economic cooperation among 57 member countries.

Other heads of state and government at the summit include Kyrgyzstan President Murmanbek Bakiev, Palestinian Prime Minister Salam Fayyad, Iranian President Mahmoud Ahmadinejad, Afghanistan President Hamid Karzai, Syrian President Bashar al-Asad, Guinea-Bissau President Raimundo Bacai Sanha, and Jordanian Prime Minister Nader al-Dahabi.

The Standing Committee for Economic and Commercial Cooperation was established during the Third Islamic Summit Conference held in Mecca, Saudi Arabia, in 1981. It became operational at the Fourth Islamic Summit in 1984 with the election of the president of Turkey as its chairman.

The committee aims at developing economic and commercial cooperation among the member states. It has 57 member states and three observer members.

Source: Xinhua
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