Leaders from the D-8 group have stressed the need for fair global economic system to protect the interests of developing nations.
The joint comminique issued at the end of the summit in Kuala Lumpur said the d-8 leaders agreed to start joint projects to overcome the situation arising out of the rising oil and food prices. The leaders adopted a 10-year blueprint to substantially increase trade between their countries.The trade agreement, to run from 2008 to 2018, details economic and business activities that member nations will pursue over the next decade.It covers sectors from investment, agriculture, energy, tourism, transportation, banking and finance.To further promote economic ties, the d8 members agreed to simplify visa procedures for business people from member nations.
D-8 group, founded in 1997, comprises Pakistan, Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, and Turkey.
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