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Two-day Fourth General Assembly of IOFS kicks off in Kazakhstan

The Fourth General Assembly of the Islamic Organization for Food Security (“IOFS”) was inaugurated with keynote remarks by the Deputy Minister of Agriculture and Forestry of the Republic of Turkey, H.E. Mrs. Ayşe Ayşin Işikgece and following the rotation procedure, Her Excellency transferred the chairmanship from Turkey to Kazakhstan for one year term. At the handover ceremony H.E. Mr. Yerlan Baidaulet, the Director-General of IOFS expressed his appreciation for Turkey’s successful chairmanship.

During the session, the Minister of Agriculture of the Republic of Kazakhstan, H.E. Mr. Yerbol Karashukeev noted that “Central Asian export and trade share is scantily represented in the Islamic world economy, despite it possesses enormous potential and has highly untapped trade and investment opportunities for intra-OIC market. The Republic of Kazakhstan is one of the largest member countries which has more than 200 million hectares of agricultural land, which is world’s 4% resources. OIC markets have a huge demand for value-added high-quality products of Kazakhstan and the country is eager to contribute to strengthen OIC food industry and security”.

The Director General and CEO of the International Islamic Food Processing Association (“IFPA”), H.E. Sheikh Bilal Khan presented on the first day of the session, where he provided an overview of the key value proposition of IFPA with highlights of standout achievements since the inception of IFPA and he remarked that “IFPA is striving to realise the G2G mandate of our parent entity IOFS into the B2B reality for the private sector by identifying and executing key opportunity and growth areas of OIC agri-food sector to facilitate economically-vibrant cooperation between importers, exporters, investors, project companies and other ecosystem entities within the OIC agri-food markets by means of Shariah-compliant instruments of Islamic finance, investment and insurance in a sustainable, systematic and structured manner”.

Other highlights during the General Assembly sessions included speeches from notable speakers as H.E. Mr. Ruslan Manatayev, Deputy Minister of Agriculture of Kazakhstan; H.E. Ms. Mariam Mohammed Almheiri, Minister of State for Food and Water Security of UAE; H.E. Dr. Abbas Mortada, Minister of Culture and Agriculture of Lebanon; H.E. Mr Shadhan Chandra Majumder, Minister of Food of Bangladesh; H.E. Mr. Syed Fakhar Imam, Federal Minister for National Food Security and Research of Pakistan; H.E. Mrs. Naigina Anvari, Deputy Minister of Agriculture of Tajikistan; H.E. Mr. Mansour bin Hilal Almushaiti, Deputy Minister of Environment, Water and Agriculture of Saudi Arabia; H.E. Mr.Abdulaziz Alhowaish, Chairman of the Executive Board of IOFS; Dr. Mohamed Soliman, President of the Egyptian Agricultural Research Centre; Dr. Ayman al-Salti, Ministry of Agriculture of  Jordan and others.

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International IFPA delegates visits Uzbekistan, signs historical bilateral agreements

International Islamic Food Processing Association (“IFPA”) delegation during the participation in the 2021 Annual Meetings of the Boards of Governors of the Islamic Development Bank Group (“IsDB Group”) in Tashkent, Uzbekistan held a meeting with the Chairman of the Assembly of Economics of the Republic of Uzbekistan and the Association of Exporters of Uzbekistan Mr. Muhtor Umarov. Assembly of Economics of the Republic of Uzbekistan brings together 25 enterprises of domestic production and created to facilitate profitability of small, medium and large scale enterprises on the local and foreign markets. Association of Exporters of Uzbekistan is the premier trade organization representing Uzbek companies engaged in global trade, the body is recognized as technical experts regarding the day-to-day import and export of goods.

Director General and CEO of IFPA, H.E. Sheikh Bilal Khan remarked: “Kazakhstan, Uzbekistan especially and the entire Central Asian-based OIC markets represent phenomenal geo-strategic importance for other connecting regions by re-establishing the old ‘Silk Road’ trade route in light of the current ongoing developments for peace and stability in the region with far-reaching benefits for all wider OIC markets”.

IFPA delegation represented by the Heads of  Business Development and Marketing Departments including the Head of International Memberships, Ms. Gulsum Kenenbayeva, Head of International Partnerships, Mr. Berik Kaliyev and Head of Administration, Mr. Meirambek Issabekov discussed opportunities for business cooperation between Kazakhstan and Uzbekistan in agri-food trade and investment through the platform of International IFPA to grow partnership to diversify the portfolio of assets suitable for Kazakh and Uzbek markets.

The two parties expressed their strong commitment to developing a collaboration by signing a Memorandum of Understanding (“MoU”) on the promotion of agri-food projects that relate to the use of Islamic finance and investments in the wider market of the Republic of Uzbekistan.