D-8 Organization for Economic Cooperation
Organization of 8 developing Muslim-majority Countries / From Wikipedia, the free encyclopedia
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The D-8 Organization for Economic Cooperation, also known as Developing-8, is an organisation for development co-operation among the following countries: Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan, and Turkey. The objectives of D-8 Organization for Economic Cooperation are to improve member states' position in the global economy, diversify and create new opportunities in trade relations, enhance participation in decision-making at international level, and improve standards of living. D-8 is a global arrangement rather than a regional one, as the composition of its members reflects. Organization for Economic Cooperation (D-8) is a forum with no adverse impact on bilateral and multilateral commitments of the member countries, emanating from their membership to other international or regional organizations.[2]
Formation | 1996 1997 (1 Summit) |
---|---|
Legal status | Intergovernmental Organization |
Headquarters | Istanbul, Turkey |
Membership | |
Secretary-General | Ambassador Isiaka Abdulqadir Imam |
President | Sheikh Hasina |
Website | www |
The combined population of the eight countries is about 1.2 billion or 60% of all Muslims, or close to 13% of the world's population and covering an area of 7.6 million square kilometers, 5% of world land area.[3] In 2006, trade between the D-8 member states stood at $35 billion, and it was around $68 billion in 2010.[4] Transactions between the 8 developing countries accounted for 3.3 percent of world trade in 2010.[4] The total nominal GDP of the eight nations was around 4.92 trillion as of 2023.