Jakarta,
Oct 27, 2017 (Antara) - Developing-8 (D-8) Organization for Economic
Cooperation's summit in Istanbul, Turkey, Oct 20, highlighted the need
to strengthen sectorial cooperation through private sector involvement
in economic activities to attain 20 percent of the total intra-D-8
trade.
The agreement was included in the Istanbul Declaration issued at the
conclusion of the Ninth Summit, hosted by Turkish President Recep Tayyip
Erdogan, and attended by Indonesian Vice President M. Jusuf Kalla,
Nigerian President Muhammadu Buhari, Azerbaijani leader Ilham Aliyev,
Pakistani Prime Minister Shahid Khaqan Abbasi, and Iran's first vice
president Eshaq Jahangiri, among others. Azerbaijan and Guinea attended
the summit as state guests.
The need to intensify cooperation among D-8 member countries by
involving the private sector was in fact suggested by Kalla while
speaking at the summit.
A correlation exists between the economy and private sector. Cooperation between the D-8 governments and private companies will increase economic empowerment and strengthen the capacity of the private sector, he emphasized. Hence, he proposed regular business forums to discuss the matter.
A correlation exists between the economy and private sector. Cooperation between the D-8 governments and private companies will increase economic empowerment and strengthen the capacity of the private sector, he emphasized. Hence, he proposed regular business forums to discuss the matter.
Kalla, in fact, proposed two other approaches to strengthen D-8
cooperation in order to improve the living standards of their people.
He
suggested strengthening cooperation in the maritime sector as a key
sector for trade and promoting South-South cooperation to develop
economic opportunities in the D-8 organization.
The D-8 member states are Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan, and Turkey.
