Ten Islamic countries are uniting around business

Q: What is the purpose of the Preferential Trade System (PRETAS) among Islamic countries?

The PRETAS aims to increase economic relations and trade among Islamic countries, which collectively have a population of 1.5 billion people. This system is designed to foster greater economic cooperation and integration within the Islamic world.

Q: Which countries have agreed to participate in the Preferential Trade System?

Ten Islamic countries have agreed to the Preferential Trade System. Turkey is among the eight countries that had already approved the system, and Bahrain and Bangladesh have also decided to participate.

Q: Why is the abolition of visa requirements between Islamic countries advocated?

The abolition of visa requirements is advocated to allow people to move freely, do business, and establish contacts without restrictions, similar to the European Union model. This freedom is seen as crucial for fostering greater unity and economic collaboration among Turkic and Islamic nations, which share common faith, language, and culture.

Q: What resources do Turkic and Islamic countries possess that can contribute to their unity?

Turkic and Islamic countries possess the finest outlooks, lands, and the world's richest mineral resources. These abundant resources provide a strong foundation for economic prosperity and collaboration, enabling them to achieve greater unity and shared development.

Q: How does the European Union model relate to the proposed Turkish-Islamic Union?

The European Union model, where people can freely travel, settle, and do business without passports or visas, is presented as an example for the Turkish-Islamic Union. It illustrates the benefits of unrestricted movement and economic integration that could be achieved among Turkic and Islamic countries.

Abstract

This article discusses the growing economic cooperation among Islamic countries, highlighting the approval of a Preferential Trade System by ten nations to boost trade relations. It also emphasizes the importance of lifting visa requirements between Turkic and Islamic countries to foster greater unity and economic freedom, drawing parallels with the European Union's model of free movement.