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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/3176/1/2009-Towards_an_Islamic_Common_Marker-IIUM_Journal%5B1%5D.pdf
http://irep.iium.edu.my/3176/
http://www.iium.edu.my/enmjournal/171art6.pdf
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spelling my.iium.irep.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 REM 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
institution Universiti Islam Antarabangsa Malaysia
building IIUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider International Islamic University Malaysia
content_source IIUM Repository (IREP)
url_provider http://irep.iium.edu.my/
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/3176/1/2009-Towards_an_Islamic_Common_Marker-IIUM_Journal%5B1%5D.pdf
http://irep.iium.edu.my/3176/
http://www.iium.edu.my/enmjournal/171art6.pdf
_version_ 1643605089144799232
score 13.211869

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