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D-8 meet in Dhaka begins tomorrow

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D-8 meet in Dhaka begins tomorrow


Financial Express :: Financial Newspaper of Bangladesh

FE Report

The forthcoming Developing-8 (D-8) Ministerial Meeting on Industrial Cooperation 2012 scheduled to start from Monday in the capital will help boost mutual trade and investment among the member countries, said Industries Minister Dilip Barua.

"Mutual trade among the D-8 members is now worth US $16 billion. And the meeting will mark a development in the trade and investment sector of the bloc members," he told the media ahead of the international gathering at Ruposhi Bangla Hotel in the capital.

"Bangladesh will sign two memorandums of understanding (MoUs) on Small and Medium Enterprises (SMEs) with two members of the block during the D-8 meeting. It will help Bangladesh brand in the industrial sector and draw foreign investment," he mentioned.

The venue of the three-day international meeting is Ruposhi Bangla Hotel. About 150 delegates including industries ministers, government officials and private sector representatives from the member countries will participate in the meeting.

There will be a seminar on SME on October 8, 2012 organised by Dhaka Chamber of Commerce and Industry (DCCI) at the meeting venue.

Bangladesh Oushad Shilpa Malik Samity will organise a seminar on pharmaceutical industry while Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and Bangladesh Textile Mills Association (BTMA) will arrange another seminar on textile and garments industry on October 9, 2012 at the same place.

Prime Minister Sheikh Hasina will be present as the chief guest at the inaugural session of the third D-8 ministerial meeting.

Mr Barua said the working group of D-8 ministerial meeting will focus on 12 industrial sectors such as automotive, cement, steel, electronics and IT, petrochemical and fertiliser, energy and environment conservation, food industry, textile and garments and SMEs etc.

He said that D-8 meeting will be an opportunity for the country's private sector to expand industrialisation with the support of the member countries.

He said the meeting will also discuss on how to bring prosperity in the industrial sector of the member countries. And the D-8 meeting will be a milestone for Bangladesh in strengthening its cooperation with the member countries in the field of industry.

The D-8 started its journey on June 15, 1997 in Istanbul, Turkey.

This will be the third meeting of D-8 in Dhaka. The members of D-8 are Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan and Turkey.
 
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This organization has some promising countries as member unlike saarc. I believe this org. can do real good well only if they have real intention for it. They should start cooperating with each other in defence sector as well.

Most importantly they are all muslim countries. They can cooperate more with other. But bad politics among Saudi and Iran could be the biggest hurdle. But Bangladesh can move ahead with Turkey, Indonesia, Egypt and perhaps Nigeria as that is going to be the biggest economy of Africa. Cooperation with Pakistan will depend on situation.
 
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Sorry correction... Saudi is not a member instead Malaysia is a member. I do not see why these brotherly 8 country can not coperate with each other with a nominal GDP of 3.2 trillion usd based on 2011 data with almost 1.75 times of India's gdp with fraction of it's population. There are a huge potential among these 8 countries if they can integrate with each and cooperate with each other for mutual development.

Developing 8 Countries - Wikipedia, the free encyclopedia
 
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From youtube I have found this video... It is really inspiring ... though it is in Turkish language but with English subtitle...

 
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But 4th largest population wise... we need to utilize our human resources.

The human resources runs away to other countries(US, UK,etc) before they can be utilised (like us :D !! ). Anyway the other countries are blessed with natural resources
 
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The potentiality of D-8 cant be explored due to Iran sanction.
 
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It's a pity we did not join SCO (Shanghai Coop) in spite of repeated invitations from the sponsors.
 
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It will annoy USA and India... When US is our big export destination Bangladesh can not take this risk. This is as simple as that.
why it will annoy India man..honestly we believe in mutual trade then this wast of time organization..so many groups are created now a day...
 
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It will annoy USA and India... When US is our big export destination Bangladesh can not take this risk. This is as simple as that.

Nah...not acceptable. Do you have any source..I just like to know the reason? india definitely didn't like military pact with China (according to their media reports), we did that. So, joining a cooperation organization shouldn't be their problem where they are an observer:

Shanghai Cooperation Organisation - Wikipedia, the free encyclopedia

Besides, who cares if india doesn't like...only BAL govt. has that feet licking bond, no one else.
 
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What are the achievements of D-8 thus far beside annual meeting? I am not interested to see these guys meet in 5 star hotel every year without bringing any fruit for the people. OIC failed us miserably so is D-8 because Muslims nations lack carriage and mutual trust.
 
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