Towards an Islamic common market: are oic countries heading the right direction?

Economic cooperation through trade has been one of the important agendas of the Organisation of the Islamic Conferences (OIC) since its establishment in September 1969. This study analyzes intra-trade potentials by using the Revealed Comparative Advantage (RCA) Indices on five countries that are sig...

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Main Authors:	Mohd Amin, Ruzita, Hamid, Zarinah
Format:	Article
Language:	English
Published:	IIUM 2009
Subjects:	HC94 By region or country
Online Access:	http://irep.iium.edu.my/3176/ http://irep.iium.edu.my/3176/ http://irep.iium.edu.my/3176/1/2009-Towards_an_Islamic_Common_Marker-IIUM_Journal%5B1%5D.pdf

id	iium-3176
recordtype	eprints
spelling	iium-31762012-04-02T16:04:31Z http://irep.iium.edu.my/3176/ Towards an Islamic common market: are oic countries heading the right direction? Mohd Amin, Ruzita Hamid, Zarinah HC94 By region or country Economic cooperation through trade has been one of the important agendas of the Organisation of the Islamic Conferences (OIC) since its establishment in September 1969. This study analyzes intra-trade potentials by using the Revealed Comparative Advantage (RCA) Indices on five countries that are signatories to the Framework Agreement on Trade Preferential System among the Member States of the OIC. These countries are Jordan, Malaysia, Pakistan, Turkey and the United Arab Emirates (UAE). Sectors that show potential for intra-trade among OIC countries are identified based on the RCA indices. The corresponding MFN weighted average applied rates are also examined to determine the specific sectors that would benefit from tariff reductions under the PRETAS. The findings of the analysis serve to provide an indication as to whether the implementation of the TPS-OIC is strategically headed towards the right direction. Such information will be useful for member countries to formulate strategies that would foster closer trade relations among themselves in their effort towards establishing an Islamic Common Market. IIUM 2009 Article PeerReviewed application/pdf en http://irep.iium.edu.my/3176/1/2009-Towards_an_Islamic_Common_Marker-IIUM_Journal%5B1%5D.pdf Mohd Amin, Ruzita and Hamid, Zarinah (2009) Towards an Islamic common market: are oic countries heading the right direction? IIUM Journal of Economics and Management, 17 (1). pp. 133-176. http://www.iium.edu.my/enmjournal/171art6.pdf
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HC94 By region or country
spellingShingle	HC94 By region or country Mohd Amin, Ruzita Hamid, Zarinah Towards an Islamic common market: are oic countries heading the right direction?
description	Economic cooperation through trade has been one of the important agendas of the Organisation of the Islamic Conferences (OIC) since its establishment in September 1969. This study analyzes intra-trade potentials by using the Revealed Comparative Advantage (RCA) Indices on five countries that are signatories to the Framework Agreement on Trade Preferential System among the Member States of the OIC. These countries are Jordan, Malaysia, Pakistan, Turkey and the United Arab Emirates (UAE). Sectors that show potential for intra-trade among OIC countries are identified based on the RCA indices. The corresponding MFN weighted average applied rates are also examined to determine the specific sectors that would benefit from tariff reductions under the PRETAS. The findings of the analysis serve to provide an indication as to whether the implementation of the TPS-OIC is strategically headed towards the right direction. Such information will be useful for member countries to formulate strategies that would foster closer trade relations among themselves in their effort towards establishing an Islamic Common Market.
format	Article
author	Mohd Amin, Ruzita Hamid, Zarinah
author_facet	Mohd Amin, Ruzita Hamid, Zarinah
author_sort	Mohd Amin, Ruzita
title	Towards an Islamic common market: are oic countries heading the right direction?
title_short	Towards an Islamic common market: are oic countries heading the right direction?
title_full	Towards an Islamic common market: are oic countries heading the right direction?
title_fullStr	Towards an Islamic common market: are oic countries heading the right direction?
title_full_unstemmed	Towards an Islamic common market: are oic countries heading the right direction?
title_sort	towards an islamic common market: are oic countries heading the right direction?
publisher	IIUM
publishDate	2009
url	http://irep.iium.edu.my/3176/ http://irep.iium.edu.my/3176/ http://irep.iium.edu.my/3176/1/2009-Towards_an_Islamic_Common_Marker-IIUM_Journal%5B1%5D.pdf
first_indexed	2023-09-18T20:10:53Z
last_indexed	2023-09-18T20:10:53Z
_version_	1777407469600899072

Towards an Islamic common market: are oic countries heading the right direction?

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