2012-11-20 Summit of Developing-8 Organization
    2012-11-19 16:58:26     CRIENGLISH.com         Web Editor: luyuan




 

The Developing-8 may not be a familiar name to some people, but it has become a serious force to be reckoned with. The D-8 is comprised of eight developing countries that have large Muslim populations, including some of the world's prominent emerging economies, such as Malaysia, Indonesia, Turkey and Nigeria. The combined population of the eight countries is about 60% of all Muslims, or close to 13% of the world's population.

At first glance, the organization may appear to be bonded mainly by religion. However, the organization is increasingly linked more by trade and cooperation in other realms. The eight developing countries, excluding Bangladesh, signed a Preferential Trade Agreement in 2006 at the fifth D-8 Summit in Indonesia, aiming to gradually reduce tariffs on specific goods between member-states.The Developing-8 will convene its summit in Islamabad, Pakistan, this month to further advance its agenda.

So, what are some of the major opportunities and challenges facing the D-8? And how do D-8 members benefit from the organization?

Ni hao, you're listening to  People In the Know, bringing you insights into the headline news in China and around the world, I'm Zheng Chenguang in Beijing. 

We speak to Dr. Widi Agoes Pratikto, Secretary-General of the Developing-8 Organization for Economic Cooperation, and Dr. Teo Wing Leong, Associate Professor, School of Economics, University of Nottingham Malaysia Campus.

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