Türkiye on Monday urged for closer economic cooperation among Islamic countries, saying stronger production partnerships, investment collaboration, logistics, connectivity and integration are needed to boost their share of global trade.
"We need to increase the share Islamic countries receive from the world economy and trade. This will happen not only through efforts we make individually, but also through what we do together," Vice President Cevdet Yılmaz said.
Yılmaz was speaking at an event held as part of the Islamic Chamber of Commerce and Development meetings in Ankara.
The event, hosted by the Union of Chambers and Commodity Exchanges of Türkiye (TOBB), brought together chamber representatives from 20 Islamic countries.
Yılmaz said the global economy is facing challenges including geopolitical tensions, rising protectionism, supply chain changes, financing constraints, digitalization and the green transition.
