President of Iran Chamber of Commerce, Industries, Mines, and Agriculture (ICCIMA) Hossein Selahvarzi has stressed the need for launching an Islamic common market.
Selahvarzi was addressing the 35th meeting of the Board of Directors of the Islamic Chamber of Commerce, Industry, and Agriculture (ICCIA) in Baku on Monday.
He said that the ICCIA is the collective voice of Islamic economic actors and a source of support for trade interests of the Muslim world.
“As recommended in our religion, the more the economic and commercial cooperation between countries, the more peace and security will be established among governments and nations,” Selahvarzi said.
He added that encouraging fair and halal trade is one of the ways to strengthen friendship among nations.
Referring to the 2 billion population of the ICCIA member countries which accounts for nearly 25% of the world population and their annual $1.8 trillion foreign trade, he said that the volume of trade and economy of these countries can even grow much further.
The Iran Chamber of Commerce also urged the need for establishment of direct and effective relations between private sectors of Islamic states so as to pave the way for exchange of knowledge and experiences between entrepreneurs and businesspersons.
He reiterated the need for pushing with projects like launching an Islamic common market within a 10-year plan and setting out a proposed package for preferential trade among Islamic nations.