At the ministerial meeting of the Developing-8 (D-8) club of nations in Dhaka recently, members agreed to begin implementing the Preferential Trade Agreement (PTA) signed by them by October this year and cooperate multilaterally to maximize business prospects and opportunities. All members except Egypt have ratified the PTA, which became effective on August 25, 2011.
Bangladesh, Pakistan, Iran, Turkiye, Egypt, Indonesia, Malaysia and Nigeria are D-8 members.
Issues related to food and energy crises were also discussed at the meeting.
Virtually inaugurating the 20th session of the D-8 council of ministers from her official residence, Bangladesh Prime Minister Sheikh Hasina said the D-8 countries celebrating the 25th anniversary of the bloc should focus on specific areas like implementation of the PTA, a D-8 Economic Zone, diversified agriculture to ensure food security and alternative sources for addressing energy crisis.
She also invited D-8 members to invest in Bangladesh’s special economic zones.
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