2nd September 2019
Currently, negotiations are still on for trade agreements with Iran under the Indonesia-Iran PTA, Turkey (Indonesia-Turkey Currently, negotiations are still on for trade agreements with Iran under the Indonesia-Iran PTA, Turkey (Indonesia-Turkey CEPA), Tunisia (Indonesia-Tunisia PTA), Pakistan (Indonesia-TIGA), and Bangladesh (Indonesia-Bangladesh PTA).
Data from the Statistical, Economic and Social Research and Training Centre for Islamic Countries (SESRIC) revealed that the Gross Domestic Product (GDP) of OIC countries was recorded at US$15.8 trillion in 2013, which increased to $19.4 trillion in 2017 with the economy growing at 4.1 percent.
This reflected the growing economy of OIC members, despite the increasing prices of some commodities and the sluggish world economy.
Indonesia’s halal export to OIC countries in 2018 was recorded at $45 billion or 12.5 percent of the national trade value that has reached $369 billion. (INE)