Developing-8

About

D-8, also known as Developing-8, is an organization for economic cooperation among the following countries: Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan and Turkiye. Its establishment was officially announced through the Istanbul Declaration on the occasion of the Summit of Heads of State/Government on June 15, 1997.

The objectives of D-8 are to improve member states’ 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. Thus D-8 aims to improve developing countries’ positions in the world economy, diversify and create new opportunities in trade relations, enhance participation in decision-making at the international level, and provide better standard of living.

By the same token, D-8 is a forum with no adverse impact on bilateral and multi-lateral commitments of the member countries, emanating from their membership to other regional or international organizations. The following three phrases are quotations from the D-8 fifth Summit Declaration (Bali, 2006) which illustrates some application of the principle objectives: We commit ourselves to work together to solve the problem of economic disparities within our countries. We reaffirm our commitment to enhance cooperation in the field of energy to develop alternative and renewable energy resources. We emphasize the importance of D-8 in contributing to the economic development of its member countries and ensure that it promotes global trade.