Economy, Business And Markets

D-8 FCCI Convenes in Ankara

D-8 FCCI Convenes in AnkaraD-8 FCCI Convenes in Ankara

Presidents of the Developing-8 Federation of Chambers of Commerce and Industry (D-8 FCCI) met in Ankara on December 24 for the second time after their first meeting in Kuala Lumpur this year, the organization’s website reported.

During his address to the meeting, the Iranian Secretary-General of the organization, Seyyed Ali Mousavi, highlighted the importance of achieving D-8 intra-trade target of $500 billion by 2018.

He also noted that the D-8 FCCI would promote and strengthen private sector involvement and cooperation.

“To achieve this objective, new and additional mechanisms should be created to further enhance collaboration among the private sector of the D-8,” he said.

The D-8 Organization for Economic Cooperation, also known as Developing-8 or D-8, is an organization for development cooperation among Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan and Turkey. The objectives of the organization are to improve member states’ status in the global economy, diversify and create new opportunities in trade relations, enhance participation in decision-making at the international level and improve standards of living.