D-8 countries agree to boost trade volume to $500b by 2018

ISLAMABAD: D-8 countries have agreed to take their trade volume to 500 billion dollars by 2018. The understanding to this effect came at a meeting of the Trade Ministers’ Council of D-8 group in Islamabad on Wednesday.

It was also decided that the preferential trade agreement amongst the member countries would also be implemented from July this year.

The member countries also renewed the commitment to continue the process of engagement for greater cooperation in different sectors.

D-8 is a group of Muslim countries comprising Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Turkey and Pakistan.

The next meeting of Trade Ministers’ Council will be held in Malaysia next year.

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