Abstract
Organization of the Islamic Conference (OIC) is the second largest intergovernmental organization after UN with its 57 members. OIC accounts for 22.48 percent of world population, 6.64 percent of world GDP, and 9.1 percent of world trade as of 2007. When it comes to having world valuable resources, OIC’s potential is even more striking with more than 70% of oil and nearly 50% of natural gas reserves of the world. However, the level of economic integration and volume of trade among OIC members over the last 4 decades has been less than satisfactory. But recently there have been some efforts towards increased economic cooperation among the member countries as a key strategy for higher
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