The trade volume within the Developing-8 countries will reach $300 billion by 2018 showing a big jump from the existing $150 billion.
Visiting D-8 secretary general Seyed Ali-Mohammad Mousavi said this during a meeting with industries minister Dilip Barua at his Shilpa Bhaban office in the capital on Monday.
State minister for industries Omor Faruk Chowdhury, additional industries secretary M Forhad Uddin and senior officials of the ministry were present.
The D-8 secretary general said various agreements had been signed to enhance administrative cooperation on duty issues, ease visa process and air service to enhance the trade volume.
Mousavi thanked the industries minister for making the third D-8 Ministerial Meeting held in Dhaka in October last year a grand success. ‘The scope for mutual cooperation has widened with the meeting.’
Barua said there were huge human and natural resources in the D-8 countries. ‘D-8 can emerge as a powerful economic alliance through proper utilisation of the resources.’
The D-8 is an organisation for development cooperation among the following countries: Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan and Turkey.
The establishment of D-8 was announced officially through the Istanbul Declaration of Summit of Heads of State/Government on June 15, 1997.
-with New Age input
