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  • Sep 2nd, 2013
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Advisor to the Prime Minister on National Security and Foreign Affairs Sartaj Aziz will inaugurate the 33rd session of the Developing-8 (D-8) Commission to be hosted by Pakistan today (Monday). According to the Foreign Office spokesman Aizaz Ahmad Chaudhry, Pakistan is hosting the 33rd session of the D-8 Commission from September 02-03, in its capacity as the Chair of the Developing-8 Organisation for Economic Development. He said that the D-8 Commissioners from member countries including Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan and Turkey and D-8 Secretary-General Dr Seyed Ali Mohammad Mousavi will attend the meeting.

The meeting will review progress in intra-D-8 co-operation in several areas in the context of road-map of cooperation from 2008 to 2018. He said that the two-day event, which comes at a time when the government is attaching importance to economic diplomacy, will be inaugurated by Advisor to the Prime Minister on National Security and Foreign Affairs. Pakistan assumed the chairmanship of the D-8 until 2014 during the D-8 Summit held in Islamabad on November 22, 2012. The Commissioner's meeting is the first in a series of meetings which Pakistan will host as follow up of the Islamabad Summit.

The leaders of member countries had adopted in Islamabad for the first time in the D-8 history, key documents including the organisation's Charter and its Global Vision for next two decades, apart from adopting the Islamabad Declaration 2012.

About the agenda, the spokesman said that the agenda of the particular importance is the review of D-8 Agreements relating to facilitation of trade and business among member countries. He said that Pakistan has ratified all the agreements including the Preferential Trade Agreement (PTA) which is likely to be operationalised during the chairmanship of Pakistan.

On the sidelines, he said that Dr Mousavi will hold meetings with Sartaj Aziz, Adviser to the Prime Minister and Syed Tariq Fatemi, Special Assistant to the Prime Minister, in addition to calling on Ministers and senior officials of other Ministries and Departments. Syed Fatemi will also host a luncheon for the D-8 Secretary-General and the Commissioners, he added.

D-8 is a multilateral grouping of eight emerging economies of the Muslim world that represent different regions. The organisation was established in 1997 and Prime Minister Nawaz Sharif, as one of the founding leaders, had attended the inaugural summit in Istanbul. The organisation reflects combined population of one billion and a market of about one trillion dollars. The member countries envisage increasing intra D-8 trade to over $500 billion by 2018.

Copyright Business Recorder, 2013


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