The justifications and legal framework for liberalising intra-OIC trade

This paper examines the justifications and legal framework for the liberalisation of intra-OIC trade. Before these factors are examined, this paper finds that intra-OIC trade is still low in volume and in proportion if compared to other trade systems. Intra-OIC trade is also concentrated in few OIC...

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Main Author:	Ahamat, Haniff
Format:	Article
Language:	English
Published:	Statistical Economic and Social Research and Training Centre for Islamic Countries (SESRIC) 2009
Subjects:	HF1014 Balance of trade K Law (General)
Online Access:	http://irep.iium.edu.my/14977/ http://irep.iium.edu.my/14977/ http://irep.iium.edu.my/14977/1/The_justifications_and_legal_framework_for_liberalising_intra-OIC_trade.pdf

id	iium-14977
recordtype	eprints
spelling	iium-149772012-01-28T05:57:36Z http://irep.iium.edu.my/14977/ The justifications and legal framework for liberalising intra-OIC trade Ahamat, Haniff HF1014 Balance of trade K Law (General) This paper examines the justifications and legal framework for the liberalisation of intra-OIC trade. Before these factors are examined, this paper finds that intra-OIC trade is still low in volume and in proportion if compared to other trade systems. Intra-OIC trade is also concentrated in few OIC Member States and in certain types of products. These findings inform the discussions on the justifications of intra-OIC trade liberalisation and this paper finds that due to the economic conditions prevailing in most OIC Member States it is highly likely that such liberalisation results in trade diversion. Thus shallow integration was preferred by economists so that the OIC 'region' will still be open to flows of goods to and from non-OIC countries. This paper finds that the legal framework for intra-OIC trade liberalisation i.e. the TPS-OIC regime operates according to these principles despite its poor enforcement. However, this paper also finds that there are wider considerations that may require the TPS-OIC regime to balance between minimising the chance of trade diversion and improving the unfavourable economic and trade structures that prevail in most OIC Member States. Statistical Economic and Social Research and Training Centre for Islamic Countries (SESRIC) 2009-10 Article PeerReviewed application/pdf en http://irep.iium.edu.my/14977/1/The_justifications_and_legal_framework_for_liberalising_intra-OIC_trade.pdf Ahamat, Haniff (2009) The justifications and legal framework for liberalising intra-OIC trade. Journal of Economic Cooperation and Development, 30 (4). pp. 1-27. ISSN 1308-7800 http://www.sesric.org/jecd/jecd_articles/ART08032701-2.pdf
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HF1014 Balance of trade K Law (General)
spellingShingle	HF1014 Balance of trade K Law (General) Ahamat, Haniff The justifications and legal framework for liberalising intra-OIC trade
description	This paper examines the justifications and legal framework for the liberalisation of intra-OIC trade. Before these factors are examined, this paper finds that intra-OIC trade is still low in volume and in proportion if compared to other trade systems. Intra-OIC trade is also concentrated in few OIC Member States and in certain types of products. These findings inform the discussions on the justifications of intra-OIC trade liberalisation and this paper finds that due to the economic conditions prevailing in most OIC Member States it is highly likely that such liberalisation results in trade diversion. Thus shallow integration was preferred by economists so that the OIC 'region' will still be open to flows of goods to and from non-OIC countries. This paper finds that the legal framework for intra-OIC trade liberalisation i.e. the TPS-OIC regime operates according to these principles despite its poor enforcement. However, this paper also finds that there are wider considerations that may require the TPS-OIC regime to balance between minimising the chance of trade diversion and improving the unfavourable economic and trade structures that prevail in most OIC Member States.
format	Article
author	Ahamat, Haniff
author_facet	Ahamat, Haniff
author_sort	Ahamat, Haniff
title	The justifications and legal framework for liberalising intra-OIC trade
title_short	The justifications and legal framework for liberalising intra-OIC trade
title_full	The justifications and legal framework for liberalising intra-OIC trade
title_fullStr	The justifications and legal framework for liberalising intra-OIC trade
title_full_unstemmed	The justifications and legal framework for liberalising intra-OIC trade
title_sort	justifications and legal framework for liberalising intra-oic trade
publisher	Statistical Economic and Social Research and Training Centre for Islamic Countries (SESRIC)
publishDate	2009
url	http://irep.iium.edu.my/14977/ http://irep.iium.edu.my/14977/ http://irep.iium.edu.my/14977/1/The_justifications_and_legal_framework_for_liberalising_intra-OIC_trade.pdf
first_indexed	2023-09-18T20:24:02Z
last_indexed	2023-09-18T20:24:02Z
_version_	1777408296463892480

The justifications and legal framework for liberalising intra-OIC trade

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