Today, Egypt is hosting the D8 Summit of the Organization of Eight Islamic Countries for Economic Cooperation, in its eleventh edition, which is held under the slogan “Investing in youth and supporting small and medium enterprises: shaping the economy of tomorrow,” in order to discuss ways to confront the successive global economic and political changes.
Egypt attaches great importance to the organization stemming from the existence of large and extended opportunities to improve economic relations, including industry, agriculture and services, in a way that serves the comprehensive development goals in Egypt, in particular With regard to promoting cooperation in the field of attracting investments and promoting trade exchange in goods and services, as the countries of the organization represent a huge market with a population of more than one billion people, and its total output reaches about 5 trillion dollars.
It was held over the course of The past four days, a number of official meetings of member states at the level of commissioners to prepare for the organization’s summit, within the framework of the Egyptian presidency of the D-8 Organization for Economic Cooperation, chaired by Ambassador Raji El-Etreby, Egypt’s commissioner to the organization, Assistant Minister of Foreign Affairs for International and Regional Multilateral Economic Affairs.
The meetings of the commissioners discussed various substantive issues that will be presented on the summit’s agenda, especially ways to enhance economic cooperation in various fields between the countries of the organization, which was established in 1997 and includes In addition to Egypt, Nigeria, Turkey, Pakistan, Bangladesh, Indonesia, Malaysia, and Iran.
All “member states” announced During the meetings, it expressed its full support for all Egyptian initiatives proposed to advance economic cooperation between the eight countries, especially those related to cooperation in the field of industry, trade, education, health, tourism and support for small, medium and micro enterprises, in addition to enhancing cooperation in the field of research through establishing a network between the countries of the organization for centers Economic research.
The Group of Eight Islamic Countries, also known as the Developing Eight Countries (D8), is a system of development cooperation among member states, and represents a new dimension aimed at strengthening economic relations and social ties between… Its members.
The establishment of the Group of Eight countries was officially announced at the Summit of Heads of State and Government held in Istanbul on June 15, 1997 (the “Istanbul Declaration”), following the “Cooperation for Development” conference, which was held on October 22, 1996. After a series of preparatory meetings.
The Group of Eight aims to improve the situation of developing countries in the global economy and create New opportunities in trade relations, as well as enhancing the participation of developing countries in decision-making at the international level, and achieving better standards of living.
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