BANGLADESH

Bangladesh holds D-8 Council of Ministers in hybrid format today

Foreign ministry has decided to hold the 20th Session of the D-8 Council of Ministers on Wednesday in Hybrid format taking into account the recent surge in COVID-19 cases worldwide.

“The level of participation of the meeting has been augmented with the presence of the Hon’ble Foreign Minister of Iran, Pakistan and Turkey who are expected to join the meeting virtually” the foreign ministry said in a press release on Tuesday evening

Meanwhile, the release said, deputy ministers of the other D-8 Member States are expected to join the meeting in-person.

The D-8 Group was established in Istanbul on 15 June 1997. In addition to Pakistan, its founding members include Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, and Türkiye. Housed in Istanbul, the Organization is currently led by Ambassador Isiaka Abdulqadir Imam of Nigeria, who assumed the position of Secretary-General on 1 January 2022.

With a combined population of more than 1.1 billion people from eight developing economies of the Muslim world, D-8 is a unique cross-regional inter-governmental Organization, stretching from Southeast Asia to Africa. D-8 Member States represent 60 percent of the world Muslim population and have an annual GDP of nearly US $4.92 trillion.

The D-8 presents a robust platform to promote economic growth, trade and development, and enhanced connectivity amongst some of the world’s largest Muslim countries, as well as to forge common approaches to international economic issues and architecture.

The Organization also aims to enhance social, cultural and scientific cooperation besides promoting trade, connectivity and ease of business amongst its members. With the intra-D-8 trade target of US $500 billion conceived under the Decennial Road Map 2020-30, the Minister of State would be encouraging D-8 countries to swiftly implement the existing Preferential Trade Agreement and further expand the remit of their multi-sectoral cooperation.

Besides, prospects and implementation of the D-8 Payment Card System, D-8 Barter Trade System and promotion of D-8 Creative Economy such a halal food will also come under discussion. Considering the Organization’s strong potential, Azerbaijan has also applied for D-8 membership

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