ID :
109177
Mon, 03/01/2010 - 16:05
Auther :
Shortlink :
https://oananews.org//node/109177
The shortlink copeid
Iran pledges €50m to D8 fund
TEHRAN, Mar. 1 (MNA) – The secretary general of the developing eight countries (D-8) stated that Iran has vowed to allocate 50 million euros to create an investment fund for the organization.
Dipo Alam said in Tehran on Sunday that Iran is the first country to make such a commitment.
He said that 930 million people live in the D-8 countries, creating a huge market. Proper planning would enhance trade between the members, he added.
Alam pointed out that the market of D8 countries could include other countries as well.
He added that in 2006 trade between the member states stood at $35 billion, but it is currently around $68 billion.
The secretary general explained that transactions between the 8 developing countries account for 3.3 percent of world trade, adding that the figure is projected to reach 10-15 percent in the next few years.
Iran proposed creating an atlas of D-8 capacities
The Iranian industry minister, for his part, called on the organization to create a workgroup to identify and prepare an atlas to show the capabilities and needs of D-8 members.
Ali-Akbar Mehrabian also recommended establishing common brands among the members, building a joint car for use in all Islamic countries, introducing the countries private sectors to one another and making endeavors towards easing monetary and banking relations between the states.
Sidelines' programs
On the sidelines of the D-8 meeting Iran opened a fair of its industrial capabilities.
Foreign visitors showed interest in this fair featuring electronics, automotives, textiles, petrochemicals, non-ferrous minerals, foodstuff, healthcare, and agricultural products.
Some 400 domestic and foreign guests have been invited to the conference.
Iran, Bangladesh, Egypt, Indonesia, Malaysia, Nigeria, Pakistan, and Turkey are the D-8 member states.
Following the “Conference on Cooperation for Development”, on October 22, 1996, and after a series of preparatory meetings, the establishment of D8 was announced officially by the Summit of Heads of State in Istanbul, on June 15, 1997.
The objectives of D8 are 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 standards of living.
Dipo Alam said in Tehran on Sunday that Iran is the first country to make such a commitment.
He said that 930 million people live in the D-8 countries, creating a huge market. Proper planning would enhance trade between the members, he added.
Alam pointed out that the market of D8 countries could include other countries as well.
He added that in 2006 trade between the member states stood at $35 billion, but it is currently around $68 billion.
The secretary general explained that transactions between the 8 developing countries account for 3.3 percent of world trade, adding that the figure is projected to reach 10-15 percent in the next few years.
Iran proposed creating an atlas of D-8 capacities
The Iranian industry minister, for his part, called on the organization to create a workgroup to identify and prepare an atlas to show the capabilities and needs of D-8 members.
Ali-Akbar Mehrabian also recommended establishing common brands among the members, building a joint car for use in all Islamic countries, introducing the countries private sectors to one another and making endeavors towards easing monetary and banking relations between the states.
Sidelines' programs
On the sidelines of the D-8 meeting Iran opened a fair of its industrial capabilities.
Foreign visitors showed interest in this fair featuring electronics, automotives, textiles, petrochemicals, non-ferrous minerals, foodstuff, healthcare, and agricultural products.
Some 400 domestic and foreign guests have been invited to the conference.
Iran, Bangladesh, Egypt, Indonesia, Malaysia, Nigeria, Pakistan, and Turkey are the D-8 member states.
Following the “Conference on Cooperation for Development”, on October 22, 1996, and after a series of preparatory meetings, the establishment of D8 was announced officially by the Summit of Heads of State in Istanbul, on June 15, 1997.
The objectives of D8 are 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 standards of living.
