The D-8 Organisation for Economic Cooperation will continue to foster result-oriented approach through its founding principles, to improve living standards of citizens of member countries.<\/p>\n\n\n
D-8 was established on June 15, 1997 for economic cooperation among eight countries \u2013 Turkey, Bangladesh, Pakistan, Egypt, Indonesia, Iran, Malaysia, and Nigeria.<\/p>\n\n\n
The Secretary-General of D-8, Mr Dato\u2019 Ku Jaafar Ku Shaari, said this in his address on Tuesday in Istanbul, to commemorate the 24th Anniversary of the organisation.<\/p>\n\n\n
\u201cD-8 will continue to move forward with result-oriented and action-based approach in line with targets of founding father of the D-8, Prof. Necmettin Erbakan and other leaders of the organisation.<\/p>\n\n\n
\u201cOur aim is to work within framework of founding principles of peace, dialogue, cooperation, justice, equality and democracy, to improve developing countries\u2019 positions in the world economy.<\/p>\n\n\n
\u201cTo diversify and create new opportunities in trade relations, enhance participation in decision-making at the international level and provide better standard of living for our people.\u201d<\/p>\n\n\n
He commended Erbakan\u2019s initiative to have resulted in establishment of the D-8 during the Summit of Heads of State\/Government of member countries on June 15, 1997, at \u00c7\u0131ra\u011fan-Palace, Istanbul, Turkey.<\/p>\n\n\n
He described the organisation as a veritable global infrastructure of multilateral cooperation, saying it would continue to make its name heard, based on potential to increase its effectiveness.<\/p>\n\n\n
\u201cSince establishment, the D-8 has succeeded in making its name heard and playing an active role in the global arena with commendable initiatives it has introduced and cooperation among its Member States.<\/p>\n\n\n
\u201cThe D-8 Member States have huge potentials in economic and social terms; currently the organisation command\u2019s a combined GDP of about four trillion dollars and a total population of 1.16 billion.<\/p>\n\n\n
\u201cThey also account for almost five per cent of the global GDP; the total trade volume of the D-8 Member States is 1.6 trillion dollars, which entails 4.5 per cent of the total trade volume of the whole world.<\/p>\n\n\n
\u201c50 per cent of Organisation of Islamic Cooperation\u2019s total trade comes from D-8; intra-trade has increased from 15 billion dollars in 1997 to about 111 billion dollars in 2018,\u201d Ku Shaari said.<\/p>\n\n\n
The secretary-general explained that the organisation had executed programmes that cut across trade to industry, transportation to tourism, health to technology.<\/p>\n\n\n
He mentioned such activities to include payment system, health and social protection programme, network of pioneers for research and innovation, technology transfer and exchange network, among others.<\/p>\n\n\n
He, however, said that D-8 signed MoUs with international organisations and institutions to advance its activities and ensure the welfare and living standards of citizens of the Member States.<\/p>\n\n\n
The objectives of D-8 are to improve member states\u2019 position in the global economy, diversify and create new opportunities in trade relations, enhance participation in decision-making at international level, and improve standards of living.<\/p>\n\n
The D-8 Organisation for Economic Cooperation will continue to foster result-oriented approach through its founding principles, to improve living standards of citizens of member countries. D-8 was established on June 15, 1997 for economic cooperation among eight countries \u2013 Turkey, Bangladesh, Pakistan, Egypt, Indonesia, Iran, Malaysia, and Nigeria. The Secretary-General of D-8, Mr Dato\u2019 Ku […]<\/p>\n","protected":false},"author":1,"featured_media":31206,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[787],"class_list":["post-31205","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-d-8","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"\n