Islamabad: In its capacity as the Chair of the Developing-8 Organization for Economic Development, Pakistan is hosting the 35th Session of the D-8 Commission on June 10-11.
The meeting which will be inaugurated by Syed Tariq Fatemi, Special Assistant to the Prime Minister will be attended by Commissioners of D-8 member states and the D-8 Secretary-General Syed Ali Mohammad Mousavi. This meeting is the last of the series of D-8 Summit, Council and Commission meetings organized and hosted by Pakistan.
The D-8 Commissioners from member countries (Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan and Turkey) will take stock of progress made in various priority areas and cooperation including proposals to implement D-8 agreements i.e. Preferential Trade Agreement (PTA) and Visa Agreement for facilitation of businessmen.
The meeting will also consider recommendations made by the D-8 Eminent Persons Group for making the organization more effective and productive in its second life cycle that will ensue with the 9th Summit in Ankara in December this year.
The meeting has also on its agenda issues including observer status for the D-8 at the United Nations General Assembly and its interaction with other international and regional organizations. The decisions and proposals of the Commissioners will be adopted by the D-8 Council of Ministers in Ankara in December 2014.
Established in 1997, the D-8 is a multilateral grouping of eight emerging economies of the Muslim world that represent different regions. The organization works towards enhancing economic and trade cooperation between the member countries.
In view of the significance being given by the Government to its development agenda, working with organizations like the D-8 has become one of the top priorities.
Pakistan attaches importance to the D-8 as it has tremendous potential to open up wide ranging business and trade activities among the member countries. The organization reflects combined population of over one billion and a market of about one trillion dollars. The member countries envisage increasing intra D-8 trade to over US $ 500 billion in next four years.