The headship of IOFS speaks out about the impact of COVID-19 on food trade and industry
On May 14, The International Strategy Institute (ISI) and the World Islamic Trade Forum (WITF) organized a special web conference, Our future in a COVID-19 World, engaging speakers from 11 countries. The participants addressed the impact of the coronavirus pandemic on modern life and the far-reaching consequences on the economy, trade, tourism, and food industry. The sessions also covered the inevitable digitisation of business and large-scale actions that policymakers must take to handle the crisis.The Director-General of IOFS spoke out about, primarily, the need for all Muslims of the world to unite, strengthen and revive the global Islamic community. The Islamic trade, says Director-General, struggled even before the onset of the pandemic, and the virus strained the existing issues even more. The IOFS developed a Framework of Action on Facilitation of Food Trade aiming to unify the OIC trade market. The action plan could be summarized in seven principles below:
1) Implementation of OIC Trade-Related Instruments2) Food Trade Events3) Islamic Trade Financing, Investment and Export Credits4) Regulation of Halal Standards, Accreditation and Certification Procedures5) Food Processing and Post-Harvest Losses6) Value-Chain Approach to Development of Food and Strategic Agricultural Commodities7) Transport Corridor Development and Telecommunication
The Director-General also mentioned the Memorandum that IOFS elaborated to tackle the looming food crisis in the OIC region. The Memorandum details international and national OIC responses to ensure that collective and coordinated action is taken to relieve the situation.The Deputy Director-General, Hameed Opeloyeru, and other experts, Prof. Sayed Azam Ali, Ms. Ho Yuw Ming Ming and Mr. Thione Niang debated on global food crisis amidst COVID-19. The speakers exchanged their views on the topic and the initiatives their organisations have taken to handle the crisis. They noted how virus challenged modern unsustainable patterns of consumption and agreed that there is a necessity to not only overcome current problems but also rethink our long-term global policies.