D8 To Establish Fertilizer Commercial Consortium

Tehran, March 3, IRNA – The group of eight developing countries (D8) plans to set up a fertilizer commercial consortium based on a proposal made by Iran, said the representative of Agriculture Jihad Ministry to D8 working group. Hossein Zamani added in a news meeting that first seminar of private sector fertilizer trade will be held on Kish Island from March 9-11. Iran, Turkey, Nigeria, Malaysia and Indonesia have so far announced their presence in the event. In view of significance of fertilizer in the agriculture sector and capability of D8 member states in fertilizer trade, establishment of the consortium was put on the agenda, he noted. D8 is a group of developing countries with large Muslim populations that have formed an economic development alliance. It consists of Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan, and Turkey./end