Cooperation with economic organizations

  • Updated 12.11.2021 14:58
  • Created 01.10.2012 11:12

Organization of Islamic Cooperation


General Information. Organization of Islamic Conference (now-Organization of Islamic Cooperation - OIC) was established at the Summit of the Heads of States and Governments of the Muslim countries in Morocco in September of 1969. The OIC is closely collaborate with UN and got an observer status under the UN from 1975. Currently, the Secretary-General of the OIC Organization is Yousef Al-Othaimeen.

Member States. Afghanistan, Albania, Azerbaijan, Aljazeera, Bahrain, Bangladesh, Benin, Brunei, Burkina-Faso, Cameroon, Chad, Comoros Islands, Djibouti, Egypt, Gabon, Gambia, Guinea, Guinea-Bissau, Cote Devour, Ghana, Indonesia, Iran, Iraq, Jordan, Kazakhstan, Kuwait, Kyrgyzstan, Lebanon, Libyan, Malaysia, Maldives, Mali, Mauritania, Morocco, Mozambican, Niger, previous, Oman, Pakistan, Palestine, Qatar, Saudi Arabia, Senegal, Sierra Leone, Somalia, Sudan, Suriname, Syria, Tajikistan, Togo, Tunisia, Turkey, Turkmenistan, Uganda, United Arab Emirates, Uzbekistan, Yemen.

Objectives. The main objectives of the organization are strengthening İslamic solidarity among member-states, supporting cooperation on science, culture, social, economic and other areas, implementing consultations in other international organizations, promoting cancelation of racial discrimination and any form of colonization, ensuring safety and international peace on the basis of justice, , collaboration of member states with other countries and creation of mutual understanding conditions.

Cooperation with Azerbaijan. After the restoration of its independence Azerbaijan is the first country from other former Soviet republics that applied to be a member of OIC and became a member in 1991. OIC condemned the Armenian aggression to Azerbaijan and approved a resolutions related to the interest of Azerbaijan in either the Summit Conferences or Foreign Ministers' Conferences. Number of Resolutions on Economic Assistance to the Republic of Azerbaijan was affirmed within the framework of OIC for the purposes of providing a necessary aid to our country. The 33rd Foreign Ministers' Conference of the organization was held in Baku in 2006. The 35th assembly of Directors' Council of Islamic Development Bank of OIC was held in Baku in 2010.

On 24-26 April 2019, the XI International Economic Summit (Kazan Sammiti-2019) of Russia and OIC countries was held in Kazan, Russia.  The Small and Medium Business Development Agency participated at the meeting.

On 25-28 November 2019, the 35th Ministerial Meeting of the Standing Committee for Economic and Commercial Cooperation (COMCEC) was held in Istanbul, Turkey. Deputy Minister of Economy participated at the meeting.

On 8-9 December 2019, the High Level Public and Private Sector Investment Conference of the OIC was held in Istanbul, Turkey. Deputy Minister of Economy participated at the meeting.

On November 25, 2020, the opening ceremony of the 36th session of the COMCEC was held in video conference format. During the event the head of the Azerbaijani delegation, Minister of Economy Mikayil Jabbarov was given the floor for a special speech, during which he informed about the country's participation in the special program of COMCEC in connection with the COVID-19 pandemic and the cooperation with the Islamic Development Bank. In addition, he thanked the OIC and Turkey for their moral and political support to Azerbaijan and invited OIC member states to participate in implementing construction and infrastructure projects in Karabakh region.

On May 24, 2021, a representative of the Ministry of Economy participated in the meeting of the COMCEC Poverty Reduction Working Group on theme "The negative impact of the COVID-19 pandemic on socio-economic inequalities in OSCE participating States."

The Ministry of Economy provided participation in the training on "Sukuk issue in the Islamic capital market" held by SESRIC from May 31 to June 2, 2021.

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