The Secretary General of the D-8 Organization for Economic Cooperation, Ambassador Isiaka Abdulqadir Imam, has assured that with the positive acceptance of D-8 Preferential Trade Agreement (PTA) which will serve as catalyst in boosting intra-trade relations among member countries, its operationalization will take off later this year as agreed.
While presenting the Commission and the Council of Ministers as the Chief Scribe of the Organization on his six months stewardship at the just–concluded meetings of 45th Session of D-8 Commission and the 20th Session of the Council of Ministers held in Dhaka, Bangladesh, Isiaka restated his commitment to his vision of increasing intra-trade relations amongst member countries of D-8, as well as increasing the visibility of the organization within and outside member states, through project implementation and partnership with the Organized Private Sector and Development Partners.
Speaking further, the Secretary General told the August gathering that significant progress had been achieved in the area of trade cooperation among member states with the conclusion of all issues around Trade Facilitation Strategy (TFS) and Dispute Settlement Mechanism (DSM) of the D-8 Preferential Trade Agreement (PTA).
In her inaugural address to the Council of Ministers, through virtual platform, the Prime Minister of the Peoples Republic of Bangladesh and current Chair of the D-8 Organization, Honourable Sheikh Hasina, stressed the need for implementing the PTA within the Grouping to make it a strong economic bloc. She urged member countries to work together to provide the impetus for harnessing the potential towards a prosperous future. Honourable Prime Minister Hasina expressed her satisfaction with the finalization of D-8 PTA which she hoped would help harmonize intra-country trade, liberalize the barriers, and stimulate trade and economic cooperation among the member states.
In his address to the Council of Ministers, Dr. A.K. Abdul Momen, the Minister of Foreign Affairs of Bangladesh, who chaired the Council meeting, lauded the Secretary General and his team at the Secretariat for their proactive measures and novel initiatives to help member countries advance the goals of the organization.