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October 4, 2005
Malaysia: Calls for Muslim Common Market
While Turkey has finally begun its long series of negotiations, which could lead it to become a full member of the European Union, formerly known as the Common Market, the Prime Minister of Malaysia has called for the establishment of an Islamic Common Market.
Abdullah Badawi was addressing the World Islamic Forum, also known as the Organisation of Islam Conference (OIC), on its final day in Kuala Lumpur on Monday. According to Voice of America, he urged Islamic countries to "strengthen economic and business cooperation." He said that OIC countries relied too heavily on trade with non-OIC states, and this had caused poor trade performance in the OIC network, which comprises 57 states. Despite involving 57 nations, their combined gross national product accounts for less than five per cent of the world total. Within the OIC, he said, trade is only 6 or 7 per cent of total global trade.
Delegates at the three-day World Islamic Economic Forum, the first held by the OIC, also debated ways to cut poverty in the member countries. They pressed for businesses in OIC nations to support investment and infrastructure projects. They also laid plans for a global Islamic businesswomen's network as well as an education trust supported by Muslim business owners.According to the BBC the figures for inter-OIC trade were worth $800 billion. President Abdullah Badawi stated that the world's 1.5 billion Muslims were "a huge Islamic consumer market." The three day forum was agreed to be held henceforth annually, with meetings held in alternate years in Pakistan and Kuala Lumpur, with the 2006 gathering in Pakistan. The permanent secretariat would be established in Kuala Lumpur.
The European "Common Market" went from a handful of countries, the "Benelux" nations, to incorporate several nations, as the EEC, and now the EU. The role of the EU has gone from merely economic to involve issues such as human rights. If an Islamic Common Market is created, will it too move towards establishing human rights? Or will it instead find that it will establish universal Sharia as a byproduct of its policies of unification?
Posted by Giraldus Cambrensis at October 4, 2005 3:45 PM
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Comments
Are these the same people who, some years ago, were advocating that all Muslims switch to dealing entirely in gold, both as being more properly Muslim and to help destroy the Western banking system?
Posted by: trailing wife at October 5, 2005 7:48 PM
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