Kuwait to take part in COMSEC conference in Istanbul

Deputy Prime Minister and Minister of Finance Sheikh Salem Abdulaziz Al-Sabah is due to head an official delegation at the 29th ministerial meeting of the Permanent Committee of Social and Economic Cooperation (COMSEC) due in Istanbul on November 20-21. In remarks to KUNA on Wednesday, Sheikh Salem said he would represent the State of Kuwait at this crucial Islamic economic event, in line of His Highness the Amir's desire to bolster pan-Islamic cooperation at the strategic, political and economic levels. COMSEC's regular meetings are increasingly gaining significance, being officially patronized by the Turkish President, he said. Agenda of the planned conference will deal with foreign investments, examination of a report on global economic developments. Also in this vein, he underlined role of the International Islamic Trade Finance Corporation (ITFC) for boosting trade among member states of the Organization of Islamic Cooperation by 20 percent by 2015, according to the previously-crafted plan. The OIC, at the extraordinary Islamic summit, held in Makkah in 2005, adopted a 10-point strategy to boost inter-Islamic economic and commercial cooperation. Kuwait will submit at the conference a draft protocol including proposed regulations concerning, in part, origin of products. Initiatives for combating poverty and the Africa program for development and vocational training in the OIC countries will be also on the meeting agenda.