Bolat urges Islamic countries at COMCEC: “We must turn economic potential into gains”

Trade Minister Ömer Bolat shared Türkiye’s experience at the session on trade finance instruments to increase exports during the 42nd COMCEC Ministerial Session held in Istanbul. On the sidelines of the meeting, Bolat held bilateral talks with ministers from OIC member countries.

Trade Minister Ömer Bolat met with representatives of member countries at the 42nd Ministerial Session of the Standing Committee for Economic and Commercial Cooperation of the Organization of Islamic Cooperation (COMCEC), held in Istanbul.

Bolat shared Türkiye’s experience in trade and exports at the Ministerial Exchange of Views Session held under the theme “Developing Effective Trade Finance Instruments to Increase Exports in OIC Member Countries.” The session assessed mechanisms that would strengthen the export capacity of Islamic countries and diversify financing opportunities.

Ministers and representatives of OIC member countries at the COMCEC session

“Strong trade ties during uncertain times contribute to shared prosperity”

In a post about the meeting, Bolat said, “The way to turn the economic potential of the Islamic world into tangible gains is through developing our trade, increasing our investments and bringing our economic solidarity together on a strong foundation of cooperation.”

Emphasizing that strong trade ties established between countries during a period of rising uncertainty and competition in the global economy would contribute not only to growth but also to shared prosperity, Bolat said Türkiye considers developing its relations with friendly and brotherly countries on the basis of mutual trust and a win-win approach among its priority goals.

The hall where the 42nd COMCEC Ministerial Session was held

Bilateral talks on the sidelines

Bolat said that during bilateral talks with ministers from OIC member countries on the sidelines of the meeting, they discussed steps to deepen existing cooperation, opportunities to develop mutual trade and new partnership opportunities. The minister also held separate meetings with ministers and delegations from Guinea, Senegal and Indonesia within the framework of COMCEC.

According to the program of the 42nd COMCEC Ministerial Session held in Istanbul from October 31 to November 3, the Ministerial Session began on November 2 with an opening speech by President Recep Tayyip Erdoğan; the working and closing sessions are chaired by Vice President Cevdet Yılmaz. To date, 178 projects have been implemented under the COMCEC Project Funding Mechanism.

Photos: Ministry of Trade

Bolat urges Islamic countries at COMCEC: “We must turn economic potential into gains”