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Dhaka Hosts D-8 Summit
 

D-8 countries, with a total population of 788 million, own 12 percent of the total world resources, including 21 percent of the world proven gas reserves.

 

Iran welcomes the formation of the assembly of business of D-8 member states.

 

 

Iran, Egypt, Turkey, Nigeria, Pakistan, Bangladesh, Malaysia,and Indonesia are members of the group called D-8, which was formed for the economic development of the eight countries. The group first met in Istanbul in 1977, with the aim to extend cooperation for the improvement of economic situation of the member countries.
D-8 countries, with a total population of 788 million (comprising 13 percent of the world population), have a share of 4 percent in the world trade. Member countries (which are also affiliated with the Organization of the Islamic Conference or OIC) own 12 percent of the world total resources, including 21 percent of the world's proven gas reserves. In their first session, D-8 member countries identified grounds for cooperation in such fields as trade, industries, information and communication, finance, banking, privatization, rural development, science and technology, development of human resources, eradication of poverty, agriculture, energy, environment, health, tourism, culture and sports.The group then selected 10 subjects for implementation,which were formulated at the istanbul session in 1997.
Turkish President Soleyman Demirel, opened the second session of the D-8 countries in Dhaka with an inaugural speech on March 1999 Heads of states of all member countries attended the meeting.

in his inaugural speech mr.Demirel said that the progress the group has made in two years since its formation has been ''outstanding''. He said there are many grounds for cooperation among member countries in the areas of trade, health, and industry. He then delegated the presidency of the group to Bangladeshi Prime Minister, Ms. Hassina Wahed.
Welcoming the participants at the meeting, the Bangladeshi Prime Minister said to realize the objectives of the group, all member countries should get unite.
Another speaker at the session, Iranian First Vice-President Hassan Habibi, termed the role the meeting plays in the further expansion of relations among member states as "important".
He said that the Dhaka session was as important as the Istanbul meeting, where the, formation of the group was officially announced.
Habibi expressed satisfaction over the fact that member countries, at the time of the formation of the group, specified areas of cooperation, which addressed common problems of the members, namely the economy and trade.
He said the realism of D-8 heads of state in pinpointing the objectives and diagnosing ways to realize such goals, attests to the reality that member countries are determined to launch joint cooperation through exploring common grounds.
Habibi further added that no doubt,the D-8 members are seeking peace and tranquility on the basis of respect for human dignity, adding that to this end, members of the group have placed d‚tente top on their foreign policy agenda.

the D-8 countries, the Iranian official remarked, will continue to pursue the policy of promoting expansion of relations with their neighbors based on mutual respect for independence and equal rights. He said that the D-8 group members should divert their efforts towards finding a solution to their collective problems, and plan for cooperation by securing a proper place for every single member of the group in the future international order.
According to Habibi, the economic status of the member countries, especially at the transitional stage to join the world trade, is their common problem, adding that the bitter experience of the Southeast Asian states calls on the D-8 group to launch a joint effort. He said that members of the group should try to further promote their cooperation in the economic, industrial and trade sectors. The official stated that such an objective will not be realized unless grounds are prepared for each member state to gain access to the markets of the other members.also the transfer of technology, joint investment, exchange of information, and the provision of facilities for the transportation of industrial goods,are essential.
Elsewhere in his remarks, the Iranian First Vice-President underscored the need for the formulation of plans for the further cooperation of the private sectors of all member states. He also voiced Iran's support for the proposed formation of the association of tradesmen, and the holding of their first general assembly prior to the opening of the group's session in the year 2000.

He termed the formation of the Association of the Consultant Engineers of D-8, as another ground for academic cooperation among the members, saying that through the employment of existing technical-engineering potentials, another great stride will be taken towards further activating of the private sector. Habibi, in conclusion, thanked Bangladesh for hosting the second D-8 Summit, and Turkey for giving shape to the group.
On the sidelines of the summit, Habibi met and conferred with Turkish President Soleyman Demirel. The Turkish President underlined the importance of Tehran-Ankara cooperation in the region and termed the role that both countries play in the realization of D-8 objectives as "highly constructive and important". He said Iran and Turkey are two key Islamic countries which can take great strides towards the establishment of tranquility in the region, and development of D-8 countries through identification of major regional and international issues, as well as their responsibilities.

Expressing hope that bilateral relations and cooperation in diplomatic, economic and trade will further develop, he lauded the efforts of the Islamic Republic of Iran as the OIC Chairman, in the settlement of disputes between Syria and Turkey.
Habibi also met with Malaysian Prime Minister Mahathir Mohammad who termed the investment in production and industrial sectors of the D-8 member countries, as an effective step towards development.
He also underscored the need for the formulation of a legal framework for investment by the D-8 countries.
Mahathir Mohammad for his part, highlighted grounds for the expansion of relations between Iran and Malaysia and saw the exchange of trade, technical and economic know-how as effective in the promotion of bilateral ties.

Habibi said, further expansion of bilateral trade and economic relations will be a prelude to investment in the Muslim countries, especially the D-8 members. He then pointed to the elimination of customs formalities, and the exchange of views among D-8 experts as a means for promoting bilateral relations and boosting joint investments.
Prior to the Dhaka summit meeting, Foreign Ministers of member countries met to finalize the preliminaries for the Heads of State. Iranian Foreign Minister Kamal Kharrazi, separately met and conferred with his Bangladeshi counterpart, where the two sides termed bilateral political-economic ties as important. Both Foreign Ministers underscored the interest of their respective countries in the further expansion of economic and trade relations.
Calling for bilateral cooperation in the field of fishery, the two officials stressed the significance of further contacts between their private sectors.

Expressing satisfaction over Iran's participation in the D-8 ministerial session,Mr Kharrazi said the session is of great importance for the Islamic Republic of Iran.
At the end of their two-day session in Dhaka, the heads of state of eight developing Islamic countries issued a statement in which they called for state control over unleashed open markets, and warned against the trend of globalization. The statement said in part that, in order to guarantee effectiveness of the market economy, governments should play a positive role in the formation and management of international monetary systems, as well as infrastructure foundations. The 33-article statement also expressed concern over the indifference by international institutions in the implementation of many proposals offered in the aftermath of the financial crisis in the world.

Observers believe that the Dhaka Summit, in comparison with the Istanbul session, put further stress on economic issues. In brief, the D-8 Summit was a great stride towards the self-reliance of Islamic countries, provided that the founding members continue to appreciate the significance of the group.

[Iran Commerce No.2, 1999][Publications]

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