IMPORTANCE AND SHARE OF ORGANIZATION OF ISLAMIC COOPERATION IN THE TURKEY’S AND WORLD TRADE

This study examines the Organization of Islamic Cooperation (OIC) from the point of view of intra-trade among the member countries as well as foreign trade with the rest of the World especially Turkey. The aim of this study is to demonstrate the share and the importance of the OIC’ s foreign trade in Turkey and in the World and suggest policies to improve it. For this purpose, we used data from United Nations Conference on Trade and Development (UNCTAD) and Turkish Statistical Institution and created graphs and tables showing the OIC’s foreign and intra-export and import during the 1996-2016 time period. Then, we compared the OIC’s share in Turkey’s foreign trade to the other international economic organizations. We discussed why the intra-trade of OIC is not sufficient and which OIC member countries Turkey exports the most. Finally, we examined Turkey’s foreign trade patterns with the member countries during the 1996-2016 time period