Group of the eight developing countries
The group of eight developing countries (D-8 for short, from English "Developing 8 Countries") is a group of developing and emerging countries with a predominantly Muslim population that have formed an alliance for economic development. The D-8 countries are Egypt , Bangladesh , Indonesia , Iran , Malaysia , Nigeria , Pakistan and Turkey . The group was officially founded on June 15, 1997 in Istanbul with the Istanbul Declaration. Before that, there were some preparatory meetings with representatives of the participating states.
The objectives of D-8 made by its own account is to improve the position of developing countries into the world economy, trade relations to create diversify and create new opportunities for trade relations, to expand the possibilities of participation in decision-making at the international level and to ensure better living conditions.
At their meeting in Bali from May 13-14, 2006, the D-8 countries signed the “ Preferential Trade Agreement ” (PTA), which aims to expand trade between the D-8 countries by reducing tariffs should. The organs of the D-8 are the summit of heads of government and state, a council and a commission. The summit, the highest decision-making body of the D-8, takes place every two years. The Foreign Ministers of the D-8 countries are represented in the Council. The Commission is the executive body of D-8.
