CA for creating D-8 Food Fund
Wednesday, 9 July 2008
KUALA LUMPUR, Jul 8 (Agencies): Chief Adviser (CA) Dr Fakhruddin Ahmed called for creating a D-8 Food Fund to enhance collective food security.
Addressing the summit of the Developing-8, commonly known as D-8, in Kuala Lumpur, Fakhruddin stressed the need for working collectively in ensuring energy security in eight biggest Muslim countries that grouped into the D-8.
He mooted a 5-point recommendation for effective cooperation among the D-8 member-states in areas of energy, food, trade, climate change and migration as the forum leaders met to update their agenda suiting the present context.
Dr Ahmed proposed to establish financing mechanisms to ensure a steady supply of affordable energy and focus on renewable energy as he said energy security is a must to realize the development potential the member-nations hold.
Ahmed also called for establishing a D-8 Free Trade Area alongside making progress in forging a Preferential Trade Agreement. Four members of the forum have already concluded bilateral Free Trade Agreements, he noted, saying that this trend should encompass all others.
Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan and Turkey are the members of the D-8 formed in 1997.
Details on Politics page
Addressing the summit of the Developing-8, commonly known as D-8, in Kuala Lumpur, Fakhruddin stressed the need for working collectively in ensuring energy security in eight biggest Muslim countries that grouped into the D-8.
He mooted a 5-point recommendation for effective cooperation among the D-8 member-states in areas of energy, food, trade, climate change and migration as the forum leaders met to update their agenda suiting the present context.
Dr Ahmed proposed to establish financing mechanisms to ensure a steady supply of affordable energy and focus on renewable energy as he said energy security is a must to realize the development potential the member-nations hold.
Ahmed also called for establishing a D-8 Free Trade Area alongside making progress in forging a Preferential Trade Agreement. Four members of the forum have already concluded bilateral Free Trade Agreements, he noted, saying that this trend should encompass all others.
Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan and Turkey are the members of the D-8 formed in 1997.
Details on Politics page