ID :
48460
Mon, 03/02/2009 - 15:13
Auther :
Shortlink :
https://www.oananews.org//node/48460
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PRESIDENT CALLS ON MUSLIM COUNTRIES TO INCREASE TRADE, INVESTMENT COOPERATION
Jakarta, March 2 (ANTARA) - President Susilo Bambang Yudhoyono has called on Muslim countries to intensify cooperation in trade and investment to cushion the impact of the current multi-faceted global crisis.
"In the trade and investment sectors, especially in the current crisis, we must increase solidarity in the form of cooperation for the welfare of Muslims," Yudhoyono said in his speech at opening of the Fifth World Islamic Economic Forum (WIEF) here on Monday.
Cooperation was crucial particularly to curb protectionism in international trade following the global financial crisis, he said.
Muslims countries should intensify trade among members of the Organization of the Islamic Conference (OIC) as stipulated in the OIC's 10-year action programs which recommended a 20-percent increase in the total trade volume among Muslim countries, he said.
Cooperation agreements signed by the private sectors during the forum would be a concrete form of cooperation among Muslim countries, according to him.
The President witnessed the signing of business agreements, among others, between the Ras Al-Khaimah Emirate and the East Kalimantan provincial administration, between PT Garuda Indonesia and Dubai Aerospace Enterprise, between Indonesian state oil and gas company Pertamina and ETA Star Grup Dubai and Itochu Corporation of Japan, between Bank Muamalat Indonesia and the National Commercial Bank of Saudi Arabia, as well as between PT Post Indonesia and Islamic Payment Sdn Berhad of Malaysia.
Yudhoyono also believed that the application of the Islamic banking system should be boosted to help deal with the financial, food, and energy crises.
The President said syariah (Islamic) banks were more capable in coping with the impact of the global financial crisis than conventional banks.
It showed that syariah banks were not tempted to invest in the financial and asset sectors only, but they also operated to support the real sector, he said.
Indonesia already had a Law on syariah banking since last year, and in the near future would issue syariah bounds, he said.
Among those present in the WIEF opening ceremony were Ekmeleddin Ihsanoglu, secretary general of the Organization of the Islamic Conference (OIC), the crown prince of the United Arab Emirates (UAE), Qatar Deputy Prime Minister Abdullah Bin Hamad Al Attiyah, Morocco Prime Minister Abbas El Fassi, Malaysian Prime Minister Abdullah Badawi, Yemeni President Ali Abdullah Saleh, and Somalia President Sheikh Sharif Ahmed.***
"In the trade and investment sectors, especially in the current crisis, we must increase solidarity in the form of cooperation for the welfare of Muslims," Yudhoyono said in his speech at opening of the Fifth World Islamic Economic Forum (WIEF) here on Monday.
Cooperation was crucial particularly to curb protectionism in international trade following the global financial crisis, he said.
Muslims countries should intensify trade among members of the Organization of the Islamic Conference (OIC) as stipulated in the OIC's 10-year action programs which recommended a 20-percent increase in the total trade volume among Muslim countries, he said.
Cooperation agreements signed by the private sectors during the forum would be a concrete form of cooperation among Muslim countries, according to him.
The President witnessed the signing of business agreements, among others, between the Ras Al-Khaimah Emirate and the East Kalimantan provincial administration, between PT Garuda Indonesia and Dubai Aerospace Enterprise, between Indonesian state oil and gas company Pertamina and ETA Star Grup Dubai and Itochu Corporation of Japan, between Bank Muamalat Indonesia and the National Commercial Bank of Saudi Arabia, as well as between PT Post Indonesia and Islamic Payment Sdn Berhad of Malaysia.
Yudhoyono also believed that the application of the Islamic banking system should be boosted to help deal with the financial, food, and energy crises.
The President said syariah (Islamic) banks were more capable in coping with the impact of the global financial crisis than conventional banks.
It showed that syariah banks were not tempted to invest in the financial and asset sectors only, but they also operated to support the real sector, he said.
Indonesia already had a Law on syariah banking since last year, and in the near future would issue syariah bounds, he said.
Among those present in the WIEF opening ceremony were Ekmeleddin Ihsanoglu, secretary general of the Organization of the Islamic Conference (OIC), the crown prince of the United Arab Emirates (UAE), Qatar Deputy Prime Minister Abdullah Bin Hamad Al Attiyah, Morocco Prime Minister Abbas El Fassi, Malaysian Prime Minister Abdullah Badawi, Yemeni President Ali Abdullah Saleh, and Somalia President Sheikh Sharif Ahmed.***
