|
RESOLUTIONS ON ECONOMICAL AFFAIRS
RESOLUTION No. 1/3-E (IS)
THE PLAN OF ACTION TO STRENGTHEN ECONOMIC COOPERATION AMONG MEMBER STATES
ANNEX 1 TO RESOLUTION No.1/3-E(IS)
PLAN OF ACTION FOR ECONOMIC COOPERATION AMONG ISLAMIC COUNTRIES
RESOLUTION No. 2/3-E(IS)
THE ESTABLISHMENT OF THE ISLAMIC CENTER FOR DEVELOPMENT OF TRADE, TANGIERS, KINGDOM OF MOROCCO
RESOLUTION No. 3/3-E(IS)
THE DRAFT AGREEMENT ON PROMOTION, PROTECTION AND GUARANTEE OF INVESTMENT IN MEMBER STATES
RESOLUTION No. 4/3-E(JS)
THE CREATION OF THE ISLAMIC SHIPOWNERS' ASSOCIATION, JEDDAH, KINGDOM OF SAUDI ARABIA
RESOLUTION No. 5/3-E(IS)
THE LEAST DEVELOPED MEMBER STATES OF THE ISLAMIC CONFERENCE
RESOLUTION No. 6/3-E(IS)
THE SUBSCRIBING OF CAPITAL TO THE ISLAMIC DEVELOPMENT BANK
top
RESOLUTION No. 1/3-E (IS)
THE PLAN OF ACTION TO STRENGTHEN ECONOMIC COOPERATION AMONG MEMBER STATES
The Third Islamic Summit Conference (Palestine and Al Quds Session) meeting in Mecca Al Mukarramah, Kingdom of Saudi Arabia, from /9th to 22nd Rabi Al Awal 1401 H. (25-28 January 1981)
RECALLING the LAHORE Declaration adopted by the Second Islamic Summit, which called for consultations among Member States to adopt a joint and agreed position on important economic issues;
RECALLING Resolution No. 1/11-E, 2/11-E, 3/11-E and 11/11-E pertaining to economic and trade cooperation among Member States and Resolution No. 8/11-E concerning the activities of the Islamic Bank adopted by the Eleventh Islamic Conference of Foreign Ministers held in Islamabad, Islamic Republic of PAKISTAN;
NOTING the relevant resolutions, adopted by the General Assembly of the United Nations, the Sixth Conference of Heads of State and Government of Non-aligned Countries, the Buenos Aires Plan of Action on Technical Cooperation among developing countries;
NOTING WITH CONCERN that the problems of developing countries have aggravated due to the current crisis in international economic relations leading to the widening of the gap between the developed and the developing countries;
DEEPLY CONCERNED at the adverse impact on the terms of trade and balance of payments of the Member States due to their reliance on export of primary products;
REGRETTING the lack of political will, demonstrated by some developed countries in negotiations on economic issues, particularly in the fields of trade, industrialization, transfer of technology and the restructuring of the international economic relations;
RECOGNIZING that economic cooperation among developing countries in general and the Member States in particular is a key-element in the strategy of collective self-reliance and an essential instrument to bring about structural changes resulting in a balanced and equitable process of global economic development in order to consolidate their unity in their endeavors to achieve the New International Economic Order;
REITERATING that the developing countries must direct their efforts in their negotiations with the developed countries in all forms towards the establishment of the new International Economic Order;
NOTING WITH SATISFACTION that the Member States of the Islamic Conference have been laying great stress on the principles of self-reliance and progressive economic inter-action among developing countries, which will enhance cooperation with each other to increase their economic capabilities and attain their development needs;
CONVINCED that development of close commercial and trade ties between the Member States is an initial essential step towards achieving economic cooperation and self-reliance requiring formulation and adoption of policy proposals on the elimination of existing barriers to trade and adopting a coordinated programme of cooperation and priorities for the expansion of trade and commercial relations;
HAVING CONSIDERED the report of the High Level Meeting of Member States held in ANKARA, Republic of TURKEY, from November 4-6, 1980 to examine the economic prospects of the Islamic countries during the Third Development Decade and to draw up a Plan of Action for strengthening Economic Cooperation among Member States;
NOTING ALSO the recommendations made by the Sixth Session of the Islamic Commission for Economic Cultural and Social Affairs held in JEDDAH on 16-19 November 1980 pertaining to the Plan of Action drawn up by the Ankara Meeting and on the trade cooperation program and priorities among Member States proposed by the Expert Group;
RECALLING ALSO resolution no. 8/11 of the Eleventh Islamic Conference of Foreign Ministers on increasing paid up capital and widening the scope of the Islamic Development Bank and also its recommendations relating to allocation of resources for financing of imports of Member States by the Bank and taking into account the importance of this decision for the successful implementation of the Plan of Action;
NOTING WITH APPRECIATION the measures taken by the Islamic Development Bank to expand its activities for foreign trade financing;
EXPRESSING SATISFACTION at the progress made by the Statistical, Economic and Social Research and Training Center for Islamic Countries in Ankara in its study and data collection on Islamic trade aimed at formulation of policy proposals,
DECIDES:
1. To approve the Plan of Action to Strengthen Economic Cooperation among Member States (as at Annex I)
2. To direct the General Secretariat to take appropriate measures without delay for the implementation of the Plan of Action to strengthen Economic Cooperation among Member States.
3.
ANNEX 1 TO RESOLUTION No.1/3-E(IS)
CONFERENCE ON ECONOMIC COOPERATION AMONG ISLAMIC COUNTRIES
Ankara 4-6 November, 1980
PLAN OF ACTION FOR ECONOMIC COOPERATION AMONG ISLAMIC COUNTRIES
The Conference on Economic Cooperation among Islamic Countries was held in Ankara from 4 to 6 November, 1980, by virtue of the Resolution No. 3/11-E of the 11th Islamic Conference of Foreign Ministers concerning the convening of a high level meeting of Islamic countries to examine the economic prospects of the Islamic countries during the Third Development Decade and to recommend measures for strengthening the economic cooperation among the Member States of the Islamic Conference;
RECALLING the resolution of the Islamic Conference of Foreign Ministers on Economic Cooperation among the Member States in the areas of food and agriculture, industry, transport, communications and tourism, financial and monetary cooperation, labor and know-how and technical cooperation;
NOTING WITH APPRECIATION that majority of the Member States have signed the General Agreement on Economic, Technical and Commercial Cooperation among Member States;
BEARING IN MIND the resolutions of the Sixth Special Session of the United Nations' General Assembly for the establishment of New International Economic Order;
NOTING the limited progress made in the various international negotiations between the developed and developing countries owing largely to the lack of political will and serious intentions on the part of the developed countries to bring about structural changes in the world economy;
RECOGNIZING that the primary responsibility for economic development of the Islamic and developing countries would rest upon themselves, placing increasing emphasis on collective self-reliance in the global efforts to establish the new International Economic Order;
ENCOURAGED by the growing desire on the part of the Member States to cooperate among themselves in sharing experience and knowledge in the areas of industrialization and technology, development of human resources, promotion of direct trade, strengthening of institutions responsible for promotion of economic cooperation, and maximum utilization of the economic, human and technical energies and potentialities available in the Islamic World for the prosperity and welfare of their people through collective efforts;
RECOMMENDS the following Plan of Action to strengthen the economic cooperation among Member States of the Islamic Conference;
I
FOOD AND AGRICULTURE
- To take necessary measures towards the implementation of the provisions of the General -Agreement regarding maximum utilization of potentials for food production within the Islamic Countries and to cooperate for meeting their food requirement;
- With a view to creating balanced development of the agriculture and industrial sectors of the economies of Member States, greater accent be placed upon agro-based and agro-related industries such as the production of tractors, fertilizers, seed industry, pesticides as well as the processing of the agricultural raw materials;
- To ensure food security in the Islamic World, regional food reserves' stocks must be created;
- Necessary measures be taken to improve the agricultural infrastructure and the transport facilities;
- Consideration be given towards assisting the Islamic countries affected by natural calamities such as drought and flood;
- Consider to devise ways and means for tackling such natural phenomena as desertification, deforestation, water logging and salinity;
- The Islamic Development Bank and other financial institutions should play more active role in financing food and agricultural projects of Member States both at national and communal level;
II
TRADE
- Necessary measures for acceleration of the tempo as well as the changes in the pattern of production be taken in order to realize a gradual integration, expansion and diversification of their foreign trade;
- To expand the present trade flows among Member States; identification of the real opportunities for expanding trade based on the use of existing idle or underutilized production capacities in the field of primary and processed agricultural goods. To create new capacity for production and trade in these goods including intermediate and capital goods;
- To promote bilateral trade among the Member States in order to substantially increase their share in international trade, and the volume of such trade in the processed, semi-processed goods and commodities within the Islamic Community;
- To strengthen further the export promotion activities among Member States in particular, and with other countries in general, by way of greater flow of information, improved training facilities and appropriate financial mechanisms to this end. In this connection, early completion of the studies on cooperation in the fields of insurance, reinsurance, export credit guarantee schemes and the possible establishment of clearing mechanisms would constitute steps towards removing some of the most important barriers to bilateral trade,
- To apply equal and non-discriminatory commercial treatment towards one another in their foreign trade policies without prejudice to the obligations under other agreements already concluded by the Member States, and special treatment should be given in favor of products of export interests to least developed Member States;
- To strive to enlarge and develop trade exchanges among themselves through INTER-ALIA, accelerating the establishment of the Islamic Center for Development of Trade, strengthening the Islamic Chamber of Commerce, Industry and Commodity Exchange, promoting cooperation among the Member States' trading organizations, facilitating joint-ventures in the area of trade promotion and gradually reducing the tariff and non-tariff barriers to such trade by means of multilateral trade arrangements, promoting the conclusion of bilateral and multilateral and general agreements, exchange of information relating to the prospects of trade, exchange of specialized trade delegations;
- To make an inventory of the existing preferential schemes applied by groups of Member States with a view to strengthening and linking them so that the establishment of a system of trade preferences through a step-by-step approach on the part of all interested Member States. It should be based on the principles of mutuality of advantages yielding benefits to all participants and taking into account the respective levels of economic and industrial development, trade regimes and international obligations of individual Member States with the ultimate aim of a free trade area and with that end in view to render support to the efforts towards trade liberalization of global system of trade preferences and to recommend to Islamic countries participating in the G.S.T. negotiations to avail that opportunity for pursuing negotiations among themselves;
- To organize and actively participate in trade fairs and exhibitions held in Member States to promote and to market the Member States' products in order to contribute to the expansion of trade amongst themselves, and in this context a scheme for standardization should be undertaken;
- To study the possibility of creating a coordinating mechanism in the Member States in the field of maritime transport to enable the Member States' enterprises to compete with their counterparts in the developed countries and with the transitional merchants' fleets;
- To facilitate effective cooperation between landlocked Member States and their transit neighbors involving the harmonization of transport planning and the promotion of joint ventures in the field of transport at regional, sub regional and bilateral levels;
- To implement decisions of the Islamic Conference concerning the Economic boycott of the Zionist entity in occupied Palestine (Israel);
III
INDUSTRY
- To develop appropriate policies and programs at the national levels conducive to rapid industrialization, as an indispensable element and a dynamic instrument of self-sustained growth, by strengthening, expanding and diversifying the industrial capacities of the Member States;
- To conclude bilateral and/or multilateral agreements of industrial cooperation among Member States for augmenting their industrial production and achieving industrial complementarity and by adopting economies of scale with a view to strengthening the manufacturing capacities and acceleration of industrialization in Member States to contribute to their collective self-reliance;
- To consider giving priority to promotion of joint ventures among Member States in the following fields; food and agriculture, industry, trade, marketing, research services and infrastructure;
- The Islamic Development Bank as well as the Islamic Chamber of Commerce, Industry and Commodity Exchange may consider establishing within themselves mechanism for the promotion and the implementation of joint projects and the projects among Member States.
IV
TRANSPORT, COMMUNICATION AND TOURISM
- To speedily implement various recommendations developed towards strengthening coordination and cooperation in the fields of shipping, air transport, telecommunications, meteorology, and postal services;
- To speed up creation of institutional mechanisms necessary for such activities as per decisions of the Islamic Conferences of Foreign Ministers;
- To harmonize the activities of the Member States in the fields of transport, communications and tourism with the existing sub-regional, regional and global agencies.
V
FINANCIAL AND MONETARY QUESTIONS
- Member States, meeting of Governors of Central Banks and Monetary Authorities of the Member States and the Islamic Development Bank to study and to take appropriate action on the following issues:
- Contribution to an enhanced flow of financial resources in the Member States on terms and conditions that are better attained to the development programs and economic circumstances of the Member States to help meet their rising investment import and export needs commensurate with an accelerated growth within the framework of the International Development Strategy, giving special consideration to most pressing socio-economic problems of least developed Member States.
- To strengthen direct cooperation between financial institutions in Member States in the area of direct financing and other banking facilities in the area of trade of Member States and to support Islamic financial institutions particularly the Islamic Development Bank.
- To strengthen the existing payments' arrangements participated in by the Member States and to explore the possibility of setting up a communal network of multilateral schemes in the light of the experiences gained in the operations of the existing ones.
- The meeting of the Governors of the Central Banks and Monetary Authorities of the Member States to complete their assessment of the existing national capital markets for the possibilities of improved access by other interested Member States to these markets with a view to encouraging investment within the Member States on the basis of mutual benefits and sound commercial practice.
- To ask further the monetary authorities of Member States to strengthen their mutual exchange of information on monetary and financial matters in accordance with the rules and regulations of the concerned countries and taking particularly into consideration the international trends.
- Implementation of the penultimate and final operative paragraphs of the Resolution on the Cyprus Question adopted by the Eleventh Islamic Conference of Foreign Ministers held in Islamabad, for the reactivation and development of the economy of the Muslim Turkish People of KIBRIS.
VI
ENERGY
To work mutually towards strengthening the position of each Member State of the Organization of the Islamic Conference, with the aim of achieving the objectives of development by:
- Encouraging the most efficient method of utilization of energy, and the development of the conventional and non-conventional sources of energy.
- Encouraging greater cooperation among Member States in the areas related to the production of energy.
- Urging the regional and international financial institutions to finance the local projects related to enhancing self-capabilities in the conventional and non-conventional energy fields in the Member States.
- Exchanging expertise, technical experience and skilled manpower in the energy sector among Member States.
VII
SCIENCE AND TECHNOLOGY
- To give high priority to cooperation among Member States in the area of science and technology;
- To consider Islamic community wide mechanism to enhance the overall financial inputs into the national science and technology systems, as well as programs in the areas of research, education and training on a continuous basis;
- To cooperate on transfer, acquisition, assimilation and adaptation of imported technologies and in their assessment compatible with national policies for development and use of science and technology;
- To extend preferential treatment for technology from the Member States;
- To consider the feasibility of setting up a network of scientific and technological agencies or institutions to organize and support research and development programs, training programs to promote technological institutions; to establish in-formation systems, to undertake joint efforts to solve specific technological problems and to develop science and technology policies commensurate with their development aims;
- To expedite the establishment of an Islamic Foundation for Advanced Science and Technology as foreseen in the General Agreement for Economic, Technical and Commercial Cooperation among Member States to serve their needs, in cooperation with the national institutions, organizations and agencies to sponsor basic research, to facilitate the exchange of information, expertise and know-how and to be implemented in the diffusion of technology among the producers and users within the Member States. This Foundation would also endeavor to coordinate the disbursement of fellowships and scholarships in relevant fields to be established through private and public financial resources available in the Member States;
- To combine research efforts and share their results with one another by means of agreement on scientific and technical cooperation, strengthen indigenous research centers and scientific and other institutions and link them with those in other Member States.
VIII
MANPOWER AND SOCIAL AFFAIRS
- To expand cooperation among Member States for the exchange and to support actively the creation of skilled manpower pools, coordination of education and manpower training activities on a medium-term and long-term basis, establishment of joint consultancy agencies, and procurement of links between skill flows and capital transfer;
- To make a concentrated effort to cooperate in the area of manpower exchange following an assessment of the needs and availabilities in the Member States, and to delineate the potentials that can be allocated for the benefit of the Member States in industrial and other research institutions;
- To provide preferential treatment for the employment of manpower available within the Member States and to ask the General Secretariat to devise a model social security system commensurate with the national legal and institutional environments of the participating Member States;
- To make a thorough evaluation of the 'brain-drain' problem, including the emigration of skilled manpower, with a view to identifying community-wide measures to stop the exodus of the scientific and technological manpower to developed countries, and thus make their services available to the Member States in conformity with the manpower exchange programs to be established,
- To develop mechanisms and programs for professional and technical undating, systematically organized at all levels, so as to train specialized personnel required to cover all the links in the chain that associates research and development with production and marketing;
- To facilitate continuous training, development and upgrading of the labor force in the Member States so that it may be better able to assimilate and benefit from technological change and also to secure their adaptation to the socio-economic conditions of the host countries through cooperative programs;
IX
POPULATION AND HEALTH
- To initiate studies and research on population policy in the Member States with a view to improving the responsiveness of population to the development efforts of Member States
- To initiate studies and research in the field of health to ensure better health and sanitary conditions and higher standard of nutrition and health care with a view to developing a common public health policy;
- To undertake research in the field of medicine;
- To intensify exchange of information and expertise in the fields of population and health among Member States;
X
TECHNICAL COOPERATION
- To improve, develop and expand the information system of the Member States concerning the collection, processing, analysis and dissemination of technical information available in the Member States on the capacities and needs and to match the specific needs of Member States through the wider use of experts, consultants, training facilities, equipment and other capacities of the Member States in line with the provisions of the General Agreement for Economic, Technical and Commercial Cooperation among Member States;
- To endeavor to identify the national potentials for technical cooperation among Member States in the formulation of their national development plans or programs. On this basis, the Governments of Member States may consider national requirements in research, technology, skills, consultancy services and training facilities that can be met most effectively through cooperation with other Member States;
- To examine the feasibility of a legal and administrative framework for effective and equitable technical cooperation, taking into account practices already established on the basis of formal conventions, thus ensuring their widest possible applicability and acceptance. Such framework should cover the administrative and legal arrangements concerning the entry, employment obligations and privileges of experts and consultants, arrangements concerning fellowships, the use of contractors and other specialized services, entry of equipment and supplies, fiscal and currency regimes favorable to Member States' technical cooperation together with financial arrangements/ aimed at an equitable sharing of costs;
- To expand bilateral and multilateral arrangements for promoting technical cooperation through such mechanisms as cooperative agreements and programs, joint commissions, the regular exchange of information and experience, and also by establishing direct linkages among relevant institutions;
- To take the necessary steps to establish a joint mechanism for the pooling of information within the Community, on resources and opportunities for technical cooperation that are available within the Member States;
- To identify and improve the effectiveness and potentials of national institutions that can contribute to technical cooperation efforts, and adopt concrete measures so that such national organizations in the Member States could develop. Operational modes of collaboration, which would strengthen their capabilities through joint efforts and sharing experiences with sister organizations working on similar problems, and by contributing to common training activities;
- To provide financial and personnel support to the greatest extent possible to the training activities of the OIC related institutions with mandates to meet the immediate needs of the Member States for skilled administrative and technical manpower. For this purpose, the Member States should cooperate closely with the said institutions by supplying data and information on their availabilities and potentials in this area;
- To pursue with the UNDP and other relevant agencies of the UN to seek necessary assistance and conclude arrangements to implement the Plan of Action.
XI
SPECIAL PROVISIONS
The PLO shall have special facilities in the sphere of economic cooperation so as to buttress the steadfastness of the Palestinian people and consolidate their struggle for the liberation of their homeland, Palestine.
XII
COORDINATION AND FOLLOW UP
The General Secretariat shall take all necessary steps to follow up the implementation of the Plan of Action and may arrange meetings on periodic basis at ministerial level as often as deemed necessary and in any case at least every two years on subjects covered by the Plan of Action and especially to:
i) review progress on work done,
ii) set out guidelines,
iii) to solve problems,
iv) to formulate policies and plans for future action.
top
RESOLUTION No. 2/3-E(IS)
THE ESTABLISHMENT OF THE ISLAMIC CENTER FOR DEVELOPMENT OF TRADE, TANGIERS, KINGDOM OF MOROCCO
The Third Islamic Summit Conference (Palestine and Al Quds Session) meeting in Mecca Al Mukarramah, Kingdom of Saudi Arabia, from 19th to 22nd Rabi Al Awal 1401 H. (25-28 January 1981)
RECALLING Resolution No. 3/10-E adopted by the Tenth Islamic Conference of Foreign Ministers held in Fez, Kingdom of Morocco and Resolution No. 12/11-E of the Eleventh Islamic Conference of Foreign Ministers held in Islamabad, Islamic Republic of Pakistan, pertaining to the establishment of the Islamic Center for Development of Trade;
HAVING CONSIDERED the draft Statute and provisional budget for the Center;
APPRECIATING the offer of the Kingdom of Morocco to house the Headquarters of the Center in Tangiers, to provide free furnished building and other physical services, and to depute temporarily requisite staff in the initial stage to make the Center operational;
CONVINCED that the creation of the Center would promote closer trade and commercial ties among the Member States;
DECIDES:
- TO ESTABLISH a subsidiary organ of the organization of the Islamic Conference to be called the Islamic Center for Development of Trade located in Tangiers, Kingdom of Morocco;
- TO APPROVE its Statute (annexed) and Budget for fiscal year 1981-1982;
- TO INVITE the Government of the Kingdom of Morocco to take all necessary measures to make the Center operational;
- TO DIRECT the General Secretariat to extend all assistance to and to work in close cooperation with the Government of the Kingdom of Morocco for the setting up of the Center ;
- TO INVITE the Member States to render all necessary assistance to the Center to enable the Center to realize its aims and objectives.
DEFINITIONS
(I) "The Conference" means the Islamic Conference of Kings and Heads of States and Governments or the Conference of Foreign Ministers or their officially accredited representatives.
(II) "Member States" means the Member States of the Organization of the Islamic Conference.
(III) "The Secretary General" means the Secretary General of the Organization of the Islamic Conference.
(IV) "The General Secretariat" means the General Secretariat of the Organization of the Islamic Conference.
(V) "The Center " means the Islamic Center for Development of Trade (ICDT).
(VI) "The General Assembly" means the General Assembly of the Islamic Center for Development of Trade.
(VII) "The Board of Directors" means the Board of Directors of the Islamic Center for Development of Trade.
(VIII) "The Director" means the Director of the Islamic Center for Development of Trade.
PREAMBLE
The Member States of the Islamic Conference:
TAKING INTO ACCOUNT Article 9 of the General Agreement for Economic, Technical and Commercial Cooperation among Member States of the Islamic Conference, relating to the establishment of an Islamic Center for the Development of Trade,
KEEPING IN VIEW the Resolutions adopted by the Ninth and Tenth Islamic Conferences of Foreign Ministers pertaining to the establishment of the Islamic Center for Development of Trade in the Kingdom of Morocco,
CONSCIOUS OF the important role which the Islamic Center for Development of Trade could play in the realm of developing economic relations between them.
ENVISAGING the advantages which the Member States would derive by establishing their activities in an effective and continuous manner, in the field of promotion of trade specially concerning trade between them,
Have agreed as follows:
CHAPTER I
CREATION OF THE CENTER
ARTICLE 1:
An Islamic Center for Development of Trade with headquarters in Tangiers, Kingdom of Morocco is established in accordance with Resolution No. 12/Il-P of the Eleventh Islamic Conference of Foreign Ministers. This Center is set up under the present Statute, which governs its activities.
ARTICLE 2:
The Center will be a subsidiary organ of the Organization of the Islamic Conference.
CHAPTER II
OBJECTIVES AND FUNCTIONS
ARTICLE 3:
The main objectives of the Center are:
i) To encourage regular commercial contacts between Islamic countries and to collect information of commercial nature,
ii) To assist in harmonizing commercial policies of Member States in the interest of inter-community trade,
iii) To promote trade oriented investments in the Member States.
ARTICLE 4:
To attain the above mentioned objectives of the Center :
i) will organize meetings and those of its organs,
ii) help Member States to set up Organizations or National Associations for promotion of trade,
iii) assist member states to strengthen the already existing Organizations or Associations for encouraging trade,
iv) encourage exchange of ideas and experience for the promotion of trade and inter-community commerce,
v) offer advice for consideration of Member States regarding commercial policies to be applied and the means to be adopted to promote expansion of inter-community trade,
vi) make recommendations for consideration of member states regarding various aspects of Islamic Trade,
vii) carry out research and studies concerning development of trade and commerce between Member States,
viii) organize seminars, symposiums and periodic training courses for Member States,
ix) contribute to the dissemination of commercial information and data between the Member States,
x) promote contacts between businessmen in the Member States who are involved in intercommunity trade in its various aspects and to organize meetings and seminars for them, in collaboration with the Islamic Chamber of Commerce, Industry and Commodity Exchange,
xi) pursue all other activities which would permit the Center to attain its objectives,
xii) the Center will help the Member States to create a talent pool of experts in the various fields of trade development in the Islamic countries through arrangements of specialized training facilities.
CHAPTER III
ORGANIZATION SET UP AND ORGANS OF THE CENTER :
ARTICLE 5:
The Organs of the Center are the General Assembly, the Board of Directors and the Director.
ARTICLE 6:
The Internal set-up and working conditions are defined by the Statute and the internal rules and regulations of the Center .
CHAPTER IV
THE GENERAL ASSEMBLY:
ARTICLE 7:
The General Assembly is composed of representatives of each of the Member State, the Director of the Center and a representative of each of the General Secretariat of the Organization of the Islamic Conference, the Islamic Chamber of Commerce, Industry and Commodity Exchange and the Statistical, Economic and Social Research and Training Center , ANKARA.
All Member States have equal voting rights in the General Assembly.
ARTICLE 8:
The General Assembly will meet in MOROCCO for its ordinary sessions once every two years. Extraordinary Sessions could be convened in accordance with the rules drawn up by the General Assembly.
ARTICLE 9:
The General Assembly elects on equitable geographical basis, from amongst its Members, its Presidents, two Vice-Presidents and one Rapporteur who constitute the Bureau.
ARTICLE 10:
The General Assembly:
(i) Determines the general policy of the Center ,
(ii) Examines and approves the administrative and financial programs and activities of the Center ,
(iii) Determines the modalities of admission of Associate Members and Observers to the meetings of the Center ,
(iv) Examines and approves the internal rules and general directives governing the internal activities of the Center ,
(v) Elects the 12 Members of the Board of Directors from amongst the Member States on the basis of equitable geographical distribution.
ARTICLE 11:
The General Assembly is empowered to create subsidiary organs as deemed necessary and to delegate to any such organ of the Center any of its powers.
ARTICLE 12:
Within the limitations of the present Statute, the General Assembly determines its own internal rules concerning the holding of its meetings, the procedure of such meetings, the quorum and voting pertaining to these meetings.
CHAPTER V
THE BOARD OF DIRECTORS:
ARTICLE 13:
The Board of Directors is composed of:
(i) Twelve members elected by the General Assembly,
- the Director of the Center ,
- and one representative of the General Secretariat of the Organization of the Islamic Conference.
(ii) The Members of the Board of Directors are elected for a period of three years.
(iii) A representative of the Member States will be elected Chairman of the Board of Directors for the duration of his mandate.
ARTICLE 14:
The Board of Directors will meet at least twice a year of which one meeting will be in Tangier.
ARTICLE 15:
The Board of Director will
- exercise technical control on the activities of the Center ,
- in particular, it will:
- approve the work program and annual report of the Center ,
- examine the budget of the Center and submit it to the Islamic Conference of Foreign Ministers for approval,
- examine the annual closing accounts and the report on the activities of the Center and submit them to the Conference for approval,
- consult the General Secretariat of the Islamic Conference regarding measures to be taken by the Center or its Organs to promote the objectives of the Center ,
- within the limits of the program of work and the budget of the Center examine, administer and coordinate the activities of the Organs of the Center .
CHAPTER VI
THE DIRECTOR:
ARTICLE 16:
The Director of the Center , as the Chief Executive in charge of overall management of the Center will take all necessary measures to realize the objectives of the Center .
ARTICLE 17:
The Director assumes, under the aegis of the Board of Directors:
- the administration and the work and activities of the Center ; and
- the implementation of its Statute and internal rules and regulations.
ARTICLE 18.
The Director of the Center shall be appointed by the Secretary with the provisions of Article 6, paragraph 2 of the Charter of the Organization of the Islamic Conference and in accordance with the provisions of rule IV of the Regulations of the Personnel of the Organization of the Islamic Conference. The Director may be reappointed.
ARTICLE 19:
The Assistant Directors and other officials of the Center shall be appointed by the Secretary General on the basis of proposals made by the Director of the Center and by following principle of equitable geographic distribution.
ARTICLE 20:
The Director of the Center may propose to the Secretary General, in accordance with rule XVI of the Regulation of the Personnel of the Organization of the Islamic Conference, for the termination of the services of any staff member of the Center if he is dissatisfied about the efficiency of one or several staff members, or if one of them is incapacitated for future service or if facts anterior to his appointment come to light which, if they have been known at the time of his appointment should have precluded his appointment.
ARTICLE 21:
The Director of the Center , shall, while keeping the Board of Directors informed, exercise the following additional powers and duties:
(i) To enter into contracts and to buy and to sell movable and immovable properties in order to realize the objectives of the Center .
(ii) To hire experts and Consultants for limited period as far as possible, from amongst Member States and to appoint staff members in the ancillary category within the numbers inscribed in the budget approved by the Conference.
(iii) In conformity with the statute and regulations of the Organization of the Islamic Conference, to institute disciplinary actions in cases of serious breach of discipline, and in particular when one of the members of the personnel of the Center refuses to comply with or abide by the statute and regulations or in cases of serious misconduct.
(iv) To see that the duties and prerogatives of all the personnel of the Center are respected in the performance of their duties.
(v) To promote good relations between the Center and the various institutions of the Member States.
(vi) To harmonize and coordinate, the activities of the Center with those of other OIC Organs.
CHAPTER VII
OFFICIAL LANGUAGES OF THE CENTER :
ARTICLE 22:
The official languages of the Center shall be Arabic, English and French.
CHAPTER VIII
FINANCIAL RULES.
ARTICLE 23:
The Director shall be responsible for the funds of the Center , and their disbursement within the provisions of the financial rules of the Center and the Organization of the Islamic Conference.
ARTICLE 24:
The budget of the Center will be financed by:
(i) annual contribution by the Member States determined according to the formula of assessments adopted for the General Secretariat of the Organization of Islamic Conference,
(ii) remunerations collected for services rendered,
(iii) voluntary contributions and similar funds.
CHAPTER IX
OBLIGATIONS OF MEMBER STATES:
ARTICLE 25:
The Member States will cooperate in every possible manner to assist the Center to attain its objectives. To this effect:
(i) They will facilitate the collection, exchange and dissemination of information pertaining to trade and commerce.
(ii) They will communicate all the documents and necessary information to the Center .
(iii) They will provide the Center with the personnel, training and research facilities on commonly agreed terms.
CHAPTER X
JUDICIAL PERSONALITY:
ARTICLE 26:
The Center will have a judicial personality. It will be able to conclude contracts, to acquire and utilize movable and immovable property and to institute legal proceedings.
CHAPTER XI
IMMUNITIES & PRIVILEGES:
ARTICLE 27:
The Government of the Member State on whose territory the headquarters of the Center are located will extend to the Center and to the personnel of the Center , the same privileges and immunities as accorded in the Convention of Immunities and Privileges of the Organization of the Islamic Conference.
ARTICLE 28:
The Government of the host member state and the General Secretariat of the Organization of the Islamic Conference will enter into an agreement to determine the application of the relevant immunities and privileges accorded to the Center and the personnel of the Center .
CHAPTER XII
AMENDMENTS:
ARTICLE 29:
The present Statute could be amended by the Islamic Conference on the recommendations of a two-third majority of the votes of the General Assembly.
CHAPTER XIII
DISSOLUTION OF THE CENTER :
ARTICLE 30:
The Center could be dissolved by virtue of a Resolution to this effect adopted by the Islamic Conference on the recommendation of the General Assembly by a two-third majority
ARTICLE 31:
The Islamic Conference will set up a Committee to work out the liquidation of the assets and obligations of the Center according to the modalities to be determined for this purpose.
CHAPTER XIV
FINAL PROVISIONS:
ARTICLE 32:
This Statute will come into force on the date of its approval by the Islamic Conference.
ARTICLE 33:
This Statute is prepared in Arabic, English and French all three texts being equally authentic.
top
RESOLUTION No. 3/3-E(IS)
THE DRAFT AGREEMENT ON PROMOTION, PROTECTION AND GUARANTEE OF INVESTMENT IN MEMBER STATES
The Third Islamic Summit Conference (Palestine and Al Quds Session) meeting in Mecca Al Mukarramah, Kingdom of Saudi Arabia, from 19th to 22nd Rabi Al Awal 1401 H. (25-28 January 1981)
IN KEEPING WITH the objectives of the Organization of the Islamic Conference as stipulated in its Charter;
ENDEAVORING to make the optimum use of the economic capabilities and potentialities available, and to harness and exploit them to the best possible advantage within the framework of close cooperation between Member States;
CONVINCED that investment relations between the Member States are among the major areas of economic cooperation between these States, through which economic and social development could be attained on the basis of common interests and mutual advantages;
ANXIOUS to provide and develop the proper climate for investment, in which the economic resources of the Member States could circulate freely between them so as to ensure their optimal utilization in such a manner as would serve the purposes of development and advancement and, in addition, raise the standard of living of their peoples;
RECALLING Resolution No. 7/11-F adopted by the Eleventh Islamic Conference of Foreign Ministers held in Islamabad. Islamic Republic of Pakistan;
NOTING the comments of Member States on the text of the draft agreement;
CONSCIOUS of the fact that the conclusion of such an Agreement between Member States would enable the optimal exploitation of the existing economic potentialities in the Member States, allowing their development, enabling funds to be transferred between Member States, help achieve economic progress and prosperity for their peoples, and surmount all obstacles which might impede the transfer of funds between the Member States. Similarly this Agreement would enable the expansion of various sectors and possibilities of investment
DECIDES:
- To urge the Member Stares to send their comments on the draft agreement to submit them to the General Secretariat.
- To mandate the Secretary General to convene a high level meeting of representatives of Member States prior to the Twelfth Islamic Conference of Foreign Ministers for the purpose of finalizing the text of the Agreement for adoption by the Conference or from authorized Ministers to a meeting for that purpose.
top
RESOLUTION No. 4/3-E(JS)
THE CREATION OF THE ISLAMIC SHIPOWNERS' ASSOCIATION, JEDDAH, KINGDOM OF SAUDI ARABIA
The Third Islamic Summit Conference (Palestine and Al Quds Session) meeting in Mecca Al Mukarramah, Kingdom of Saudi Arabia, from 19th to 22nd Rabi Al Awal 1401 H. (25-28 January 1981)
HAVING reviewed Resolution No. 5/10-B adopted by the Tenth Islamic Conference of Foreign Ministers held in FEZ, Kingdom of MOROCCO, and Resolution No. 15/1 l-E of the Eleventh Islamic Conference of Foreign Ministers held in ISLAMABAD, Islamic Republic of PAKISTAN;
CONVINCED that the coordination and cooperation in the field of transport and communications, including the establishment of direct and efficient shipping links, would lead to the development of close trade and commercial tics, in particular, and assist in the economic cooperation of the Member States, in general;
WELCOMING the offer of the Kingdom of Saudi Arabia to establish the headquarters of the Association in JEDDAH.
DECIDES TO:
- Approve the Statute (annexed) of the Islamic Shipowners' Association to be set up in Jeddah, Kingdom of Saudi Arabia,
- Instruct the General Secretariat to work in close cooperation with the Kingdom of Saudi Arabia in setting up the Association and assisting in its work,
- Invite the Member States to join the Association and to cooperate with it enabling it to achieve its objectives.
STATUTE OF THE ISLAMIC SHIPOWNERS' ASSOCIATION PREAMBLE
The Governments of the Member States of the Organizations Of the Islamic Conference;
GUIDED by the objectives of the Organization as stipulated in its Charter;
CONVINCED of their desire to promote and foster economic cooperation and commercial relations among them, to achieve maximum utilization of the economic resources and potentialities available, in their countries, and to make optimum mobilization and exploitation of these resources and potentialities within the context of sustained cooperation between Member States of the OIC:
CONSCIOUS that relations in the fields of transportation and communications offer sound grounds for economic and commercial cooperation through which economic and social development can be promoted on the basis of common interest and mutual benefit;
ANXIOUS to develop a sound efficient system of transportation and communications between them which is the basis for furthering inter-state and intra-regional trade and commerce;
APPRECIATING the important recommendations made by the Islamic Conference of Foreign Ministers to ensure coordination and cooperation in the field of Maritime Transport and Cargo;
HAVE APPROVED this Statute of the Islamic Shipowners' Association;
HAVE DECLARED their complete readiness to put the Statute into effect in letter and spirit; and
HAVE EXPRESSED their sincere wish in expanding every effort to achieve its aims and objectives.
DEFINITIONS:
a) The "Association" means the Islamic Shipowners' Association established by this statute.
b) The "Executive Committee" means the Executive Committee of the Islamic Shipowners'' Association.
c) "Member States" means member states of the Organization of Islamic Conference.
d) "Maritime Company" means a Company or Corporation owning one or more ships (of not less than 1000 gross registered tons) engaged in international voyages on regular basis.
e) "Members" mean Shipping Companies or Association of such Companies which are members of the Association
f) "Chairman" means the Chairman of the Executive Committee of the Association.
g) "General Assembly" means the members, associate members and observers represented at the Association.
h) "Auditor" means a person who is qualified and authorized to practice as such in one of the member states.
SECTION 1:
CONCERNING THE ASSOCIATION.
ARTICLE I:
A specific professional Association is hereby established to be known as the Islamic Shipowners' Association as an affiliated organ of the OIC. The provisions of this Statute shall be construed as not inconsistent with the laws of the country in which the Association is based or the laws of any other member states.
ARTICLE 2:
1. The Headquarters of the Association shall be at Jeddah in the Kingdom of Saudi Arabia. Meetings of the Association may be held outside the Headquarters by its own decision.
2. The Association may, by virtue of an Executive Committee decision, establish offices or branches in other member states. The terms of reference and functions of these offices and branches shall be determined by the General Assembly.
ARTICLE 3:
The host country shall undertake the necessary legal measures, consistent with the law of the land, to create and register the Association.
ARTICLE 4:
1. The Association shall enjoy the status of legal person, using it with full legal capacity to exercise its functions and fulfill its objectives.
2. The Headquarters and Branches of the Association shall enjoy all the privileges and immunities granted to the Organization of the Islamic Conference.
SECTION II:
OBJECTIVES AND FUNCTIONS OF THE ASSOCIATION
ARTICLE 5:
The Association aims at coordinating and unifying the efforts of the members in realizing cooperation among Maritime Companies with the purpose of advancing Maritime transport of the member states and utilizing to the maximum of the potential of the fleets of their companies at protecting the interest of the members by providing sound counsel, and supporting with the greater voice in international Maritime affairs as well as connecting the Islamic World and foreign countries in an integrated maritime network.
ARTICLE 6:
To meet these objectives, the Association shall:
1. Encourage members to establish Conference Lines among member states and to create combined Islamic Maritime Companies.
2. Organize Maritime Conferences among member states; and to establish procedures designed to ensure transport quotas to the members as per UNCTAD Code of Conduct keeping in view the existing Conference arrangements of the member states.
3. Develop periodical, regular freight and passenger voyages between ports of member states and between Islamic and other ports giving preferential treatment to the Maritime Companies of the member states in transporting the goods of the Islamic countries.
4. Encourage appointing Agencies of nationals of member states by Agencies among Maritime Islamic Companies.
5. Assist in drawing up a unified policy for the Islamic Maritime Transporter to meet the objectives of the Association.
6. Suggest and advise member states on rules governing conduct as between these companies with respect to loading, unloading, freight charges and related procedures in order to improve and standardize the same.
7. Suggest and advise to the member states on the administration, and form and develop the Maritime Codes, which would ensure increased efficiency in Maritime Transport; in cooperation with Specialized Islamic Institutions.
8. Conduct studies and research in various disciplines of Maritime Transport; and communicate the results of these studies and research to the members to raise technical standards in operating transport services.
9. Provide assistance in the exchange of technical services and Maritime maintenance operations among companies of member states to raise the efficiency of their fleets; in the formulation of joint plans to develop these fleets and make available the types of ships appropriate to the trade of each country.
10. Extend assistance to members in the area of: Maritime safety, Marine pollution, Maritime laws and Marine Insurance so as to conform to international laws and regulations.
11. Encourage the Association members to deal, as a unified group, with Unions, Islamic and International bodies operating in the field of Maritime Transport, and effective participation in international seminars.
12. Discuss and study problems and obstacles that members might encounter and find the appropriate solutions.
13. Call upon Member Governments and the Chambers of Commerce and Industry of member states to participate in the preparation of commercial plans and methods; contact suppliers and importers in the advanced countries to ensure part of the country's trade for their Maritime companies, endeavor to strengthen and develop the national fleets. and improve their efficiency to compete with the international shipping monopolies, through shipping conferences.
SECTION III:
MEMBERSHIP
ARTICLE 7:
Membership of the Association shall be divided along the following lines
1) Members
2) Associate Members
3) Observers.
ARTICLE 8:
Admission to the Islamic Shipowners' Association shall be governed by the following rules:
1. Members will be those who fulfill the following conditions:
(i) Shipping companies dealing in international trade and association of such companies registered in any of the member states.
(ii) All those claiming the nationality of one of the member states and with at least 70 % of the owned by them member in a maritime company of a member state.
2. Associate members (non-voting) will be:
(i) General Secretariat of the Organization of the Islamic Conference.
(ii) General Secretariat of the Islamic Chamber of Commerce, Industry and Commodity Exchange.
(iii) Specialized institutions and other organizations and agencies in the member states connected with the Association's activities.
3. Observers will be:
International/regional organizations/agencies dealing in maritime operations invited on reciprocal basis.
ARTICLE 9:
MEMBER REPRESENTATION AT ASSOCIATION MEETINGS AND
COMMITTEES:
1. Each member is represented by one or more delegates in Association organs.
2. All members are eligible for nomination to the Association's organs.
3. Irrespective of the number of companies, each member/member state shall have one vote.
ARTICLE 10:
Each member state shall designate a national contact point for the Association.
SECTION IV
ARTICLE 11:
The Association organs are:
i. The General Assembly.
ii. The Executive Committee.
iii. The General Secretariat.
iv. Any other organs/sub-committees that the Association would like to establish.
PART - 1
THE GENERAL ASSEMBLY
ARTICLE 12:
The General Assembly is made up of all active members of the Association. The Associate and Observer members are entitled to attend the meetings and participate in the discussions without voting rights.
ARTICLE 13:
Falling within the purview of the General Assembly are:
i. The election of the Executive Committee.
ii. The examination and approval of the Association's Plan.
iii. The review of the entrance and annual membership fees of members of the Association.
iv. The examination and approval of the annual budget, closing accounts and Auditor s report.
v. The examination of the annual report submitted by the Executive Committee concerning the Association's activities.
vi. To appoint the Secretary General of the Association.
vii. The appointment of the Auditor and determination of his remuneration.
viii. The examination of any other field related to the Association's activities.
ARTICLE 14:
The General Assembly shall elect its own Chairman and the Rapporteur by-rotation. The Chairman of the Executive Committee shall extend invitations to attend the ordinary session at least 45 days before its convening. The committee's agenda shall be attached to the invitations sent to all members.
ARTICLE 15:
1) The General Assembly shall hold one annual ordinary session. For the quorum to be reached, the attendance of the majority of members shall be required (one half of the total number of members plus one) and the members present should belong at least to one half of the countries to which the members of Association belong.
2) In case quorum is not reached, the meeting shall be postponed for 24 hours. The meeting shall be considered as legal if it is attended by at least 1/4 of members.
3) The General Assembly adopts its resolutions by majority of vote and in case of equality of votes the casting vote of the Chairman shall be decisive.
ARTICLE 16:
1) An extraordinary session of the General Assembly may be convened at the request of one third of the number of members and also at the request of the Executive Committee to examine the following:
i) Amendments to the Statute of the Association.
ii) Dissolution of the Association.
iii) Any other important and urgent matter.
2) The General Assembly shall adopt, at extraordinary sessions, resolutions concerning the above mentioned topics by a two-thirds majority of the total votes of the Association.
PART - II
THE EXECUTIVE COMMITTEE
ARTICLE 17:
The General Assembly shall elect the Executive Committee comprising 12 members on geographical basis. In addition, the Secretary General of the Association, the representative of the General Secretariat of OIC and a representative of the Islamic Chamber of Commerce, Industry and Commodity Exchange will serve as Members of the Executive Committee, without the voting right.
ARTICLE 18:
The Membership period for the Executive Committee is three years. Membership is renewed for one third of the members every year, except for the first Executive Committee.
ARTICLE 19:
The Executive Committee shall elect, at its first meeting, a Chairman and Vice-Chairman. In the absence of the Chairman and the Vice-Chairman at any meeting, a Chairman shall be elected at that meeting without prejudice to the right of the Executive Committee to appoint any of its members to represent them. The Chairman of the Executive Committee shall be the legal representative of the Association.
ARTICLE 20:
A quorum is reached at the Executive Committee meeting with the attendance of two thirds of the members. Failing that, a quorum is reached by a simple majority, 24 hours after the scheduled date of the meeting.
ARTICLE 21:
Every member of the Executive Committee has one vote. Resolutions are adopted by a simple majority of attending members. In case of an indecisive ballot, the Chair-man's casting vote shall be decisive.
ARTICLE 22:
The Executive Committee shall meet at least once every six months. The Executive Committee shall decide the date and venue of the next meeting. The Executive Committee may meet in extraordinary session upon the recommendations of the Secretary General and with the approval of the Chairman of the Executive Committee or at the request of one half of its members.
ARTICLE 23:
The terms of reference of the Executive Committee are as follows:
1. To endorse the Association's work plan and to submit it to the General Assembly for ratification.
2. To form the standing and ad hoc committees required to achieve the objectives of the Board.
3. To adopt the financial and administrative regulations of the Association.
4. To approve the organizational structure of the Association.
5. To appoint the senior officials of the General Secretariat who should be of high level of professional competence taking into account the geographical considerations. The Executive Committee has also the authority to terminate their services.
6. To determine means of cooperation with the bodies and authorities concerned with matters falling within the purview of the Association's activities'
7. To prepare the annual report of the Association's activities estimated budget general assembly for approval.
8. To examine and recommend memberships and withdrawal applications to the General Assembly.
9. To settle any dispute that may arise between members of the Association if and when requested.
10. To determine vacancies in the posts of members of the Executive Committee and to make necessary appointments.
ARTICLE 24:
The Executive Committee shall submit an annual report to the General Assembly concerning the activities of the Association.
ARTICLE 25:
The Executive Committee may invite any of the Association's members to attend deliberations on issues of special interest to said members without the right of vote. The Executive Committee may also invite any of the Association members or any person whose advice may be deemed necessary during its meetings.
PART - III
THE GENERAL SECRETARIAT
ARTICLE 26:
The General Secretariat of the Association is headed by the Secretary General who is a national of a member state experienced and specialized in maritime transport, and assisted by a staff according to the Association's organization structure.
ARTICLE 27:
The term of office of the Secretary General shall be for three years renewable for one more term only.
ARTICLE 28:
Subject to the provisions of Article 23 (e) the Secretary General of the Association shall appoint staff members other than senior officials on equitable geographical basis.
ARTICLE 29:
The terms of reference of the General Secretariat are:
- To prepare the draft agenda of the Board's meetings.
- To communicate to the Association's members of the Executive Committee and General Assembly resolutions and recommendations and to follow them up.
- To prepare draft financial and administrative regulations and organizational structure.
- To prepare draft budget closing statements of accounts and draft annual report on the Association's activities.
- To handle routine daily matters of the Association.
- To prepare technical, financial and administrative studies which help to achieve the objectives of the Association.
ARTICLE 30:
The Secretary General shall handle all work and executive procedures in accordance with this statute. He shall be responsible to the Board regarding his work and dealings and shall attend the Executive Committee meetings without the right to vote.
ARTICLE 31:
The Secretary General shall represent the Association at all international levels and enjoy sufficient authority to fulfill his functions.
ARTICLE 32:
Combining of duties in the Association General Secretariat and the Membership of the Executive Committee is not permissible.
PART - IV
SUBCOMMITTEES
ARTICLE 33:
The Association's Executive Committee shall form such specialized sub-committees to undertake studies among other things on the following matters:
i. Transport of Dangerous goods.
ii. Safety of life at Sea.
iii. Conference lines.
iv. Training and certification of Sea fares.
v. Marine Pollution.
vi. Navigation and Pidofing.
vii. Ship building and marine repairs.
viii. Recommendations of UNCTAD IMCO and other International Agencies.
ix. Foreign Transport Policy.
x. Tariffs and Customs duties.
xi. Statistics.
xii. Insurance.
xiii. Ports.
xiv. Maritime Laws.
xv. Maritime Fraud.
ARTICLE 34:
The Executive Committee shall also initiate studies on specific problems raised by any of the Associations organs and prepare reports thereof.
ARTICLE 35:
The Sub-Committee reports are referred to the Secretary General to be submitted to the Executive Committee to take such measures it deems appropriate or to issue circulars to the members containing observations related to the fields studied.
PART - V
FINANCIAL RESOURCES AND THE BUDGET
ARTICLE 36:
The Association's financial resources comprised of:
- Payment of a fixed admission fee of US$ 10,000
- Payment of a minimum equal annual subscription to US$ 5,000 by each member.
- For members possessing more than 100,000 GRT (Gross Registered Tonnage), the amount of subscription shall be increased by 20 % for each 100,000 ORT in excess and part thereof, with a maximum of US$ 10,000
- Subsidies, grants and donations, and the legacies made in favor of the Association.
- Receipts for services rendered.
- The legacies donated to the Association and accepted by the Executive Committee.
ARTICLE 37:
The Association's shall have its own budget. Its fiscal year starts on 1st July and ends on 30th June of each year.
ARTICLE 38:
The Associations funds are deposited with one or more Banks in the member states to be decided by the Executive Committee, Expenditures of these funds would be subject to financial regulation approved by the Executive Committee.
PART - VI
THE AUDITOR
ARTICLE 39:
The General Assembly shall appoint an Auditor from the member state each year. He shall undertake his assignment from the date of his appointment and shall be appointed for the first time by the Executive Committee.
The Auditor shall examine and review the financial and accounts situation of the Association. He may inspect the Association's books records and documents. He may demand (and be provided) any further data and clarifications needed for this task. He may verify the Union's assets and liabilities. He shall be responsible for making an inventory of the cash and assets. In addition, he shall prepare a report on the closing statement of accounts and of the budget.
ARTICLE 40:
The Executive Committee may appoint an auditor in place of the one whose post has fallen vacant for one reason or another, pending the next meeting of the General Assembly.
ARTICLE 41:
The Auditor shall express his views to the General Assembly regarding the Association's closing accounts and the extent to which it corresponds to the approved budget and point out all financial violations, if any, which may affect the financial situation of the Association. He shall also attend all meetings related to this matter.
PART VII
ESTABLISHMENT AND DISSOLUTION OF THE UNION
ARTICLE 42:
The Association is established upon the signing of this Statute by ten Member States.
ARTICLE 43:
The Association shall not be dissolved except by a decision of the General Assembly at an extra ordinary Session to be held in accordance with Article 16 of this Statute. If the General Assembly approved the dissolution of the Association, it shall appoint a liquidator and determine the receiver of the net funds of the Association.
PART VIII
ARTICLE 44.
Minutes of meetings, resolutions and recommendations of the Executive Committee and General Assembly shall be kept in special register. The minutes shall be signed by the Chairman of the Executive Committee and Secretary General of the Association. The resolutions and recommendations of the Executive Committee shall be signed by all members attending the Board meeting. All Association's records and files and documents shall be kept at the association's headquarters.
ARTICLE 45:
The Secretary General of the Association or his designated officer shall attend any meeting held within the framework of the Organization of the Islamic Conference or any of its subsidiary/affiliated organs and also attend meetings of international organizations whose activities are related to the Association.
The General Secretariat of the Organization of the Islamic Conference or the General Secretariat of the Islamic Chamber of Commerce, Industry and Commodity Exchange and other organs of the OIC whose activities are related to the Association shall attend meetings held within the framework of the Association.
ARTICLE 46:
The Association's Executive Committee may authorize the Secretary General to invite Islamic and International Organizations and bodies to attend as observers in Executive Committee meetings, and meetings that deal with technical matters related to their specialization.
FINAL PROVISIONS
ARTICLE 47:
The present Statute shall take effect as from the date of its approval by the Islamic Conference.
ARTICLE 48:
The texts of this Statute have been prepared in Arabic, English and French, all being equally authentic.
top
RESOLUTION No. 5/3-E(IS)
THE LEAST DEVELOPED MEMBER STATES OF THE ISLAMIC CONFERENCE
The Third Islamic Summit Conference (Palestine and Al Quds Session) meeting in Mecca Al Mukarramah, Kingdom of Saudi Arabia, from 19th to 22nd Rabi Al Awal 1401 H. (25-28 January 1981)
RECALLING the Rabat Declaration adopted by the First Islamic Summit whereby Member States agreed to consult together with a view to promoting between themselves close cooperation and mutual assistance in the economic, scientific, cultural and spiritual fields, inspired by the immortal teachings of [slam,
NOTING also the United Nations' General Assembly resolutions 3201 (5-VI) and 3202 (5-VI) of 1 May 1974, containing the Declaration and the Program of Action on the Establishment of a New International Economic Order, 3281 (XXIX) of 12 December, 1974, containing the Charter of Economic Rights and Duties of States, and 3362 (5-VII) of 16 September 1975 on Development and International Economic Cooperation,
NOTING FURTHER resolution 122 (V) of 3 June 1979 of the United Nations' Conference on Trade and Development, by which it adopted, as one of its major priorities, a comprehensive New Program of Action for the Least Developed Countries in two phases an Immediate Action Program (1979-1981) and a Substantial New Program of Action for the 1980s,
NOTING United Nations' General Assembly resolution 34/210 of 19 December 1979, in which it endorsed the Comprehensive New Program of Action for the Least Developed Countries, resolution 34/203 of 19 December 1979, in which it decided to convene the United Nations' Conference on the Least Developed Countries, resolutions 11/4-S of 15 September 1980 on measures to meet the Critical Situation in the Least Developed Countries and resolution 35/205 of 16 December 1980 on the United Nations' Conference on Least Developed Countries,
RECALLING the relevant paragraphs in the international development strategy for the Third United Nations' Development Decade adopted at the UN. General Assembly Session in December, 1980,
NOTING the utility of consultation among Member States of the Islamic Conference in order to adopt common strategy and stand before the UN. Conference on Least Developed Countries,
DEEPLY CONCERNED at the gravity of the deteriorating economic and social situation of the least developed countries, their continued critical lack of basic infrastructure and their dismal development during the past two decades, as well as at their bleak development prospects for the 1980's.
NOTING with anxiety that the deficits in the Balance of Payments of the Least Developed Countries members of the Islamic Conference have reached alarming proportions,
REAFFIRMING that there is an immediate need for greatly expanded increase in the transfer of resources to meet the critical needs of the least developed countries and to help promote their rapid and self-sustained socio-economic development,
REAFFIRMING the particular importance of the role of the developed countries in promoting the economic development of the Least Developed Countries,
EMPHASIZING the particular importance of contribution that economic cooperation among developing countries can make, INTER ALIA, to the development of the least developed countries,
- NOTES WITH DEEP APPRECIATION the generous assistance given on a priority basis by Member States and the various Islamic development institutions including the Islamic Development Bank to the least developed Member States.
- REQUESTS the Member States and the Organization of Islamic Conference as well as the Islamic Development Bank to take within their competence all appropriate steps and to accord due priority, in the implementation of the International Development Strategy for the Third United Nations' Development Decade, to the provisions relating to accelerated development of the Least Developed Member States.
- EXPRESSES SATISFACTION at the readiness of the Islamic countries to contribute to Islamic solidarity by taking concrete measures to assist in meeting the development needs of the least developed Member States on a priority basis and give particular attention to these countries within the framework of economic cooperation among Islamic developing countries,
- CALLS UPON the Islamic Development Bank to provide accelerated and increased assistance to the Least Developed Member States including trade financing on more favorable and flexible terms.
- URGES the Member States and Islamic Development Institutions including the IDB. to extend greater assistance to the Least Developed Member States for (a) meeting the burden of international economic upheavals, (b) accelerating the development of their conventional and non-conventional energy resources and (c) supporting activities aimed at major structural transformation of the Least Developed Member States.
- URGES Member States to offer more relief assistance in emergency situation to the Least Developed Member States.
- CALLS UPON the Member States of the Organization of Islamic Conference to take all necessary steps for the success of the United Nations. Conference on the Least Developed Countries which will, INTER ALIA, finalize, adopt and launch the substantial New Program of Action for the 1980s, as called for in the UN. General Assembly resolution No. 35/205 dated December 16, 1980.
- ALSO CALLS ON all developed countries, multilateral institutions and developing countries in a position to do so to implement UNCTAD Resolution 122 (V), UNGA Res. 34/210, 34/203, S-11/4 and 35/205 on measures to assist the LDC's and to take urgent steps for the success of the Paris Conference.
- REQUESTS the Secretary General of the Organization of Islamic Conference to pursue implementation of the present resolution including ascertaining the specific needs of the Least Developed Countries through sending export Missions to such countries and to keep under constant review the progress in this respect.
top
RESOLUTION No. 6/3-E(IS)
THE SUBSCRIBING OF CAPITAL TO THE ISLAMIC DEVELOPMENT BANK
The Third Islamic Summit Conference (Palestine and Al Quds Session) meeting in Mecca Al Mukarramah, Kingdom of Saudi Arabia, from 19th to 22nd Rabi Al Awal 1401 H. (25-28 January 1981)
RECOGNIZING the urgent need to speed up the economic and social development of the Islamic countries and the Islamic Ummah,
KEEPING INTO CONSIDERATION that the Islamic Development Bank is the main economic institution established by the Islamic States for that purpose,
APPRECIATING the progress achieved by the Islamic Development Bank in carrying out its task since its inception;
NOTING that the resources available to the Islamic Development Bank would soon be exhausted and that it is imperative for it to expand its resources in an appropriate manner so as to be able to fulfill its numerous functions and achieve its multiple objectives,
HAVING TAKEN COGNIZANCE of the resolution of the Board of Governors of the Islamic Development Bank on that question,
DECIDES
That the amount of 1,210,000,000 Islamic Dinars representing the unsubscribed part of the authorized capital of 2,000,000,000 Islamic Dinars of the Islamic Development Bank be subscribed.