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WIEF hoped to boost intra OIC trade growth to 20% by 2015

05-18-2010 13:38 BJT

KUALA LUMPUR, May 18 (Xinhua) -- The Sixth World Islamic Economic Forum (WIEF) is hoped to be able to further accelerate the intra Organization of Islamic Conference (OIC) countries trade growth to 20 percent or close to 250 billion U.S. dollars by 2015.

In 2009, the figure was 16.7 percent, up from only 13.6 percent in 2005, Malaysian Deputy Prime Minister Muhyiddin Yassin said here on Tuesday when opening the WIEF Businesswomen Forum and the WIEF Young Leaders Forum.

"This WIEF platform can play a significant role to boost intra trade among OIC countries," said Muhyiddin.

The WIEF is an annual event bringing together world leaders and business leaders from the Muslim and non-Muslim world to meet and network in the name of business.

Organized by the World Islamic Economic Forum Foundation, the Sixth WIEF will be held from May 18 to 20 in Kuala Lumpur, capital of Malaysia.

Malaysian Prime Minister Najib Razak, Bruneian Sultan Hassanal Bolkiah, Indonesian President Susilo Bambang Yudhoyono and Kosovo President Fatmir Sejdiu are expected to speak at the forum.

Other expected speakers who are also country leaders include Maldives President Mohamed Nasheed, Bangladeshi Prime Minister Sheikh Hasina and Senegal President Abdoulaye Wade.

Editor:Zhang Jingya |Source: Xinhua

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