2nd D8 ministerial meeting to be held in Istanbul

Second D-8 Industries Ministers Meeting will be held in Istanbul from 4-6 October.

The meeting will discuss building joint automobile, adopting special policies on energy and environment, standard of foodstuff and joint petrochemical projects.

The event will also seek to provide an opportunity for member states to exchange their experience, facilitate trade among them and promote trade of steel within the group.

The first round of the event was held in Iran two years ago.

The group of D-8 countries officially started its activities in 1997 with the aim of developing cooperation among member countries.

The major economic objectives of D-8 are promoting the position of member countries in the world economy, giving variety and provision of new opportunities in commercial relations, increasing the participation of member countries in international decision-making, and raising the level of living standards.

Considering the above mentioned economic purposes, industrial cooperation among member countries can be regarded as the basis of cooperation among D-8 countries.

Countries of D-8 possess an appropriate atmosphere for developing their economic activities especially in industrial fields, due to their interest in economic and social development on the basis of peace, dialogue, cooperation, justice, fairness .

Since the aim of D-8 is to promote the position of member countries in the world economy, one of the bases of the growth of D-8 is cooperation among the member countries.

D8 members are Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan, and Turkey, all developing countries that attempt to reach their targets through mutual cooperation.