D-8 meet in Dhaka begins tomorrow
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Al-zakir
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I am sorry brother. You guys have to host Begairat, fasaadi la-hasina. May Allah protect you from venom that thing breath in air.
SamranAli
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I am sorry brother. You guys have to host Begairat, fasaadi la-hasina. May Allah protect you from venom that thing breath in air.
Its not confirmed though. Lets see what happen
Hasina has such a hate for Pakistan that i dont think she will visit neither we are waiting for her. Any other sane BD leadr is accepted but no she.
Al-zakir
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She is shameless bigot. If confirmed then she will be there to deliver her maloonic message given by her masters.
kobiraaz
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I love every country that is part of D-8
me too. All 8 of them will be leading muslim economies in 2050! This is the future, man!
Zabaniyah
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Actually the Americans do not like the SCO.
Shanghai Cooperation Organization: A Partner for the United States? | Brookings Institution
Welcome to the new Great Game - Opinion - Al Jazeera English
This China-Russia alliance does frighten the Yanks to some extent.
But, that is a different matter from the topic.
CaPtAiN_pLaNeT
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D-8 call for tech transfer, sharing of know-how for mutual benefits
Financial Express :: Financial Newspaper of Bangladesh
FE Report
The seventh working group meeting of the Developing 8 (D-8) nations in the capital Monday called for increased trade and cooperation by ensuring transfer of technology and sharing of knowledge in different fields for mutual benefits of the bloc members.
It also suggested capacity-building in the member countries to increase trade and economic cooperation so the D-8 countries could dominate the global economy.
The 7th meeting of the D-8 Working Group on 'Industrial Cooperation- 2012' was held at the Ruposhi Bangla Hotel in the city.
The speakers at the meeting said that the D-8 member states must strengthen their technological and industrial cooperation to consolidate their economies and ensure accelerated economic growth and development.
They also agreed to cooperate in the sectors like textiles and garments, energy and environmental conservation, food industry, petrochemicals and fertiliser, cement, steel, automotive industry, electronics, ICT, plants and machinery, technology transfer, standardisation and conformity assessment and development of small and medium enterprises (SMEs).
They said that the D-8 countries could benefit from technology transfer, collaboration in industrialisation and cooperation in research and development that would create employment opportunities for poverty reduction and raising standard of living.
They identified agriculture and food security, transportation, energy and SMEs as priority areas of cooperation among the D-8 countries.
Speaking on the occasion, Dhaka Chamber of Commerce and Industry (DCCI) President Asif Ibrahim said that since the inception, the D-8 countries had been striving hard to enhance trade and economic cooperation for improving their position in the global economy.
He said that the trade among the member states accounted for only 6 percent of the world trade which needed to be increased at least to 12 percent by 2012.
"This is necessary to expand the markets and create new opportunities in trade, industry and investment, increase participation in decision-making at the international level and improve living standard of their people," he said.
He said that the total volume of trade among the D-8 countries doubled from US$ 35 billion in 2006 to US$70 billion to date. But it is not enough compared to the existing potential.
"We are confident that Bangladesh is going to continue to achieve accelerated growth due to our dynamic private sector, strong economic fundamentals, strategic location and resilient people," he said.
Metropolitan Chamber of Commerce and Industry (MCCI) President Maj Gen (Retd) Amjad Khan Chowdhury emphasised the need for cooperation in the pharmaceutical sector among the D-8 countries.
He also suggested cooperation among the D-8 countries in some important areas to promote trade and investment that include establishment of a joint chamber of commerce for exchanging information about business, trade and investment among them.
He said the proposed chamber of commerce should sponsor visits of successful businessmen of each country with a view to sharing innovation and achievements which could be transferred from one country to the other.
Mr Khan also favoured establishment of a news agency to exchange news, information and knowledge among the D-8 countries.
He suggested arrangement of special fairs in D-8 countries to show-case products of the member countries with a view to promoting trade and investment.
Besides, harmonisation of regulatory environment for banking and transfer of capital among the bloc members and development of human resources through exchange of teachers and students for learning the language of each of the member countries were also suggested.
"Small and Medium Enterprises (SMEs) are important locally but inter-regional cooperation can only be promoted by large enterprises which have the appetite and the abilities to do so. We need to create an enabling environment for larger corporates to emerge regional multinational brands, thus grazing the greener pastures," he mentioned.
President of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) AK Azad said that the apex trade body of the country was eager to pursue more collaboration with its counterparts in the D-8 countries to mutually explore the business opportunities.
He suggested holding of an exclusive trade fair for D-8 countries in Bangladesh for developing trade relations among the member countries.
He also recommended establishment of a D-8 Free Trade Area to take the advantage of numerous industrial and investment opportunities, harmonising standards and developing a uniform set of criteria for testing quality.
"The total export from Bangladesh to D-8 countries in the fiscal year (FY) 2010-11 was US $1034.6 million which has decreased to $ 821.04 million in 2011-12. On the other hand, our imports from D-8 countries were $3542.93 million in 2010-11, which increased to $3708.40 million in 2011-12. This shows a negative trade gap for Bangladesh which is widening and we are concerned," he said.
"We (D-8) have a combined market of around 1 billion people and there exists a high level of potential for greater cooperation and trade. We can easily achieve 10-15 per cent of the intra D-8 trade by 2018," he added.
Secretary General of D-8 Secretariat Prof Widi Agoes Pratikto emphasised the need for taking a pragmatic approach for cooperation in the industrial sector among the bloc members with improvement of linkages and efficient networking among the entrepreneurs and industrialists of the bloc members.
State Minister of Industries Omor Faruk Chowdhury said that the D-8 countries were making a steady progress day by day through effective mutual cooperation among each other. Exchange of knowledge, technology and experience and people-to-people contact could play a pivotal role in the future progress in the bloc.
Industries Minister Dilip Barua laid emphasis on strengthening mutual cooperation through exchange of expertise, knowledge and transfer of green and renewable technology which is coming out as the benefit of the third industrial revolution.
He said that the D-8 countries were experiencing steady and faster growth recently that created enormous scopes for sustainable and balanced economic development.
"I consider the global crisis as an opportunity for the D-8 members. We have many competitive advantages in the global market which need to be utilised. We have a large population which is all together 13 per cent of the global population. We (D-8) are representing almost 60 per cent of the total Muslim population of the world," he said.
He opined that cooperation among the D-8 countries should not be confined to the industrial sector like automotive industry, cement, steel, electronics and IT, petrochemicals and fertiliser, energy and environmental conservation, food industries, textile and garments, small and medium enterprises (SMEs) and machinery.
"We have cooperation in the other areas like standardisation and conformity assessment, accreditation and technological cooperation. We should identify some more potential sectors for mutual cooperation like pharmaceutical, printing and publication, plastic, jute and jute goods," he added.
Secretary in-Charge Mohammad Moinuddin Abdullah chaired the inaugural session of the meeting.
Financial Express :: Financial Newspaper of Bangladesh
FE Report
The seventh working group meeting of the Developing 8 (D-8) nations in the capital Monday called for increased trade and cooperation by ensuring transfer of technology and sharing of knowledge in different fields for mutual benefits of the bloc members.
It also suggested capacity-building in the member countries to increase trade and economic cooperation so the D-8 countries could dominate the global economy.
The 7th meeting of the D-8 Working Group on 'Industrial Cooperation- 2012' was held at the Ruposhi Bangla Hotel in the city.
The speakers at the meeting said that the D-8 member states must strengthen their technological and industrial cooperation to consolidate their economies and ensure accelerated economic growth and development.
They also agreed to cooperate in the sectors like textiles and garments, energy and environmental conservation, food industry, petrochemicals and fertiliser, cement, steel, automotive industry, electronics, ICT, plants and machinery, technology transfer, standardisation and conformity assessment and development of small and medium enterprises (SMEs).
They said that the D-8 countries could benefit from technology transfer, collaboration in industrialisation and cooperation in research and development that would create employment opportunities for poverty reduction and raising standard of living.
They identified agriculture and food security, transportation, energy and SMEs as priority areas of cooperation among the D-8 countries.
Speaking on the occasion, Dhaka Chamber of Commerce and Industry (DCCI) President Asif Ibrahim said that since the inception, the D-8 countries had been striving hard to enhance trade and economic cooperation for improving their position in the global economy.
He said that the trade among the member states accounted for only 6 percent of the world trade which needed to be increased at least to 12 percent by 2012.
"This is necessary to expand the markets and create new opportunities in trade, industry and investment, increase participation in decision-making at the international level and improve living standard of their people," he said.
He said that the total volume of trade among the D-8 countries doubled from US$ 35 billion in 2006 to US$70 billion to date. But it is not enough compared to the existing potential.
"We are confident that Bangladesh is going to continue to achieve accelerated growth due to our dynamic private sector, strong economic fundamentals, strategic location and resilient people," he said.
Metropolitan Chamber of Commerce and Industry (MCCI) President Maj Gen (Retd) Amjad Khan Chowdhury emphasised the need for cooperation in the pharmaceutical sector among the D-8 countries.
He also suggested cooperation among the D-8 countries in some important areas to promote trade and investment that include establishment of a joint chamber of commerce for exchanging information about business, trade and investment among them.
He said the proposed chamber of commerce should sponsor visits of successful businessmen of each country with a view to sharing innovation and achievements which could be transferred from one country to the other.
Mr Khan also favoured establishment of a news agency to exchange news, information and knowledge among the D-8 countries.
He suggested arrangement of special fairs in D-8 countries to show-case products of the member countries with a view to promoting trade and investment.
Besides, harmonisation of regulatory environment for banking and transfer of capital among the bloc members and development of human resources through exchange of teachers and students for learning the language of each of the member countries were also suggested.
"Small and Medium Enterprises (SMEs) are important locally but inter-regional cooperation can only be promoted by large enterprises which have the appetite and the abilities to do so. We need to create an enabling environment for larger corporates to emerge regional multinational brands, thus grazing the greener pastures," he mentioned.
President of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) AK Azad said that the apex trade body of the country was eager to pursue more collaboration with its counterparts in the D-8 countries to mutually explore the business opportunities.
He suggested holding of an exclusive trade fair for D-8 countries in Bangladesh for developing trade relations among the member countries.
He also recommended establishment of a D-8 Free Trade Area to take the advantage of numerous industrial and investment opportunities, harmonising standards and developing a uniform set of criteria for testing quality.
"The total export from Bangladesh to D-8 countries in the fiscal year (FY) 2010-11 was US $1034.6 million which has decreased to $ 821.04 million in 2011-12. On the other hand, our imports from D-8 countries were $3542.93 million in 2010-11, which increased to $3708.40 million in 2011-12. This shows a negative trade gap for Bangladesh which is widening and we are concerned," he said.
"We (D-8) have a combined market of around 1 billion people and there exists a high level of potential for greater cooperation and trade. We can easily achieve 10-15 per cent of the intra D-8 trade by 2018," he added.
Secretary General of D-8 Secretariat Prof Widi Agoes Pratikto emphasised the need for taking a pragmatic approach for cooperation in the industrial sector among the bloc members with improvement of linkages and efficient networking among the entrepreneurs and industrialists of the bloc members.
State Minister of Industries Omor Faruk Chowdhury said that the D-8 countries were making a steady progress day by day through effective mutual cooperation among each other. Exchange of knowledge, technology and experience and people-to-people contact could play a pivotal role in the future progress in the bloc.
Industries Minister Dilip Barua laid emphasis on strengthening mutual cooperation through exchange of expertise, knowledge and transfer of green and renewable technology which is coming out as the benefit of the third industrial revolution.
He said that the D-8 countries were experiencing steady and faster growth recently that created enormous scopes for sustainable and balanced economic development.
"I consider the global crisis as an opportunity for the D-8 members. We have many competitive advantages in the global market which need to be utilised. We have a large population which is all together 13 per cent of the global population. We (D-8) are representing almost 60 per cent of the total Muslim population of the world," he said.
He opined that cooperation among the D-8 countries should not be confined to the industrial sector like automotive industry, cement, steel, electronics and IT, petrochemicals and fertiliser, energy and environmental conservation, food industries, textile and garments, small and medium enterprises (SMEs) and machinery.
"We have cooperation in the other areas like standardisation and conformity assessment, accreditation and technological cooperation. We should identify some more potential sectors for mutual cooperation like pharmaceutical, printing and publication, plastic, jute and jute goods," he added.
Secretary in-Charge Mohammad Moinuddin Abdullah chaired the inaugural session of the meeting.
mb444
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6% of global trade is a significant amount and a $1bn for BD is nothing to be scoffed at. Reduced export by Bangladesh is due to general global economic slowdown. Bangladesh export basket continues to widen and overall our exports are increasing in real term year by year. We should definately stick to the D8 and dump crap like saarc.
CaPtAiN_pLaNeT
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