Developing Countries and it purpose (D-8)

 The developing Countries and Its purpose (D-8)

The developing countries with many population of Muslim have formed an economic development alliance which is called D-8 (Developing Countries). Former Turkish Prime Minister Necmettin Erbakan founded the D-8. It was established  in Istanbul, Turkey on 15 June 1997.

The members of D-8 are Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan, and Turkey.

The aim of D-8 countries is to improve member countries  economic position in the global arena, to create and diversify different opportunities in the trade sector, to increase participation in decision- making at international level,and to improve of standard living . 

As stated by the D-8 Facts and Figures Publication: The main areas of cooperation include finance, banking, rural development, science and technology, humanitarian development, agriculture, energy, environment, and health.

Purposes and objective: In the first Summit Declaration (Istanbul, 1997), the main objective of D-8 is stated in accordance with following principles:

• Peace instead of conflict.
• Dialogue instead of confrontation.
• Cooperation instead of exploitation.
• Justice instead of double-standard.
• Equality instead of discrimination.
• Democracy instead of oppression.

: The fifth D-8 Summit Declaration (Bali, 2006) stated the following,  objectives:

1.       Commitment to work jointly to solve the problem of economic disparities within our countries.

2.    Reaffirm commitment to enhance cooperation in the field of energy to develop alternative and renewable energy resources.

3.    Strengthening  the importance of D-8 in contributing to the economic advancement of its member countries and promotes global trade.

Preferential trade agreement

 The eight developing countries signed a Preferential Trade Agreement on 14 May 2006 at the fifth D-8 Summit at Bali, Indonesia. The agreement is designed to gradually reduce tariffs on specific goods between member-states, with a supervisory committee overseeing the process. The aim of the sign is to reduce obstacles to free trade between member countries, and promote inter-state cooperation.

The 60% of people of these d-8 countries are Muslims, or about to 13% of the world’s population.

Structure

The D- 8 is formed into the Summit ,the Council ,the Commission these three bodies.

The Summit, which is convened every two years, composed of highest level of authority, and of the leaders of each member state which is convened every two years,

The Council is formed of the foreign affairs ministers of each member state with decision making body and forum for D-8 related issues for consideration.

The Commission is composed of Commissioners appointed by each member state's government and it has  executive authority to promote compliance with D8 directives in their respective nation and  to appoint D-8 members to facilitate communication and to act in a supervising capacity in the time of every conference or lower-level assembly.