ID :
108384
Wed, 02/24/2010 - 15:32
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Iran to host D-8 ministerial summit

TEHRAN, Feb. 24 (MNA) -- The first meeting of industry ministers of the eight developing Islamic countries (D-8) will be held in Tehran from February 27 to March 2, 2010.

The event is aimed at utilizing capacities in order to increase the influence of D8 countries in global industry, Iranian Industries and Mines Minister Ali-Akbar Mehrabian said.

He expressed hope that the summit will pave the way for enhancing cooperation and consolidating economic relations among the member states in countering threats to them.

The Iranian official further expressed hope that the meeting will bring about higher living standards in D8 countries and will have positive results in Iran's industry sector.

The Developing 8 (D-8 or Developing Eight) are a group of developing countries with large Muslim populations that have formed an economic development alliance. Combined, the countries made up about 60 percent of the Muslim people in the globe and 13.5% of the world population in 1997. It consists of Iran, Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan, and Turkey.

Following the “Conference on Cooperation for Development”, on October 22, 1996, and after a series of preparatory meetings, the establishment of D8 was announced officially by the Summit of Heads of State in Istanbul, on June 15, 1997.

The objectives of D8 are to improve developing countries’ positions in the world economy, diversify and create new opportunities in trade relations, enhance participation in decision-making at the international level, and provide better standards of living.

Around 400 domestic and foreign guests have been invited to the event.

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