D-8 Countries

D-8 Countries


In the news

Bangladesh PM Proposes Common Currency for Muslim Countries.

More about the news

  • Bangladesh Prime Minister Sheikh Hasina suggests the adoption of a common currency, similar to the Euro in the European Union, among Muslim countries.
  • The aim is to facilitate trade and commerce among Muslim nations, fostering economic integration and cooperation.
  • The proposal was put forward during a meeting with a delegation of D-8 trade ministers led by Turkish Deputy Minister of Trade Mustafa Tizcu.
  • The meeting took place at the Prime Minister's official residence, Ganabhaban, in Dhaka.
  • Bangladesh PM emphasizes the importance of D-8 member countries working together as a family in trade and commerce.
  • She advocates for mutual technical assistance among member nations to enhance their collective prosperity.
  • The meeting also focused on implementing a preferential trade agreement (PTA) among D-8 countries.
  • Efforts are underway to expand the scope and effectiveness of the agreement to further promote trade among member states.

    About the D-8 Organization for Economic Cooperation


    • The D-8 Organization for Economic Cooperation was officially established through the Istanbul Declaration of the Summit of Heads of State/Government on June 15, 1997.
    • The idea of cooperation among major Muslim developing countries was proposed by Prof. Dr. Necmettin Erbakan, the then Prime Minister of Turkey, during a seminar on "Cooperation in Development" held in Istanbul in October 1996.
    • Representatives from Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, and Pakistan attended the seminar, marking the first step towards the establishment of D-8.

    Global Arrangement

    • The D-8 is considered a global arrangement rather than a regional one, as its members are diverse geographically and culturally.
    • It does not impact bilateral and multilateral commitments of member countries to other international or regional organizations.


    • Ambassador Isiaka Abdulqadir Imam from Nigeria currently serves as the Secretary-General of the D-8 Organization for Economic Cooperation.
    • The Secretariat of the organization is based in Istanbul, Turkey.

    Vision and Cooperation

    • The vision behind D-8 cooperation is to foster collaboration among countries spanning from Southeast Asia to Africa.
    • It aims to enhance economic cooperation, trade, and development among member states.
    • The establishment of D-8 was preceded by a series of preparatory meetings, culminating in the official establishment and initiation of activities with the Istanbul Declaration.

    Purposes & Objectives of D-8 Organization for Economic Cooperation

    Main Objective

    • The primary objective of the D-8 Organization for Economic Cooperation, as stated in the first Summit Declaration (Istanbul, 1997), is socio-economic development. 
    • This objective is guided by the following principles:
      • Peace over conflict
      • Dialogue over confrontation
      • Cooperation over exploitation
      • Justice over double-standards
      • Equality over discrimination
      • Democracy over oppression

    Specific Objectives

    • Improve developing countries' positions in the world economy.
    • Diversify and create new opportunities in trade relations.
    • Enhance participation in decision-making at the international level.
    • Provide a better standard of living for member states' populations.

    Application of Objectives

    • Economic Disparity: Commitment to work together to address economic disparities within member countries.
    • Energy Cooperation: Reaffirmation of commitment to enhance cooperation in the development of alternative and renewable energy resources.
    • Global Trade Promotion: Emphasis on the importance of D-8 in contributing to the economic development of member countries and promoting global trade.

    Non-Adverse Impact

    • The D-8 Organization for Economic Cooperation ensures that its activities have no adverse impact on the bilateral and multilateral commitments of member countries to other regional or international organizations.

    Organizational Structure of D-8

    Principle Organs

    • The Summit: Composed of the Heads of State/Government of member states, the Summit is the supreme organ of D-It convenes once every two years to discuss key issues and make decisions.
    • The Council: Consisting of the Ministers of Foreign Affairs of member states, the Council serves as the political decision-making body of D-It provides a forum for in-depth discussions and comprehensive consideration of various issues.
    • The Commission: Acting as the executive body of D-8, the Commission is composed of senior officials appointed by their respective governments. Each Commissioner is responsible for coordinating national efforts within their country.

    D-8 Secretariat

    • The D-8 Secretariat serves as the administrative hub of the organization and is responsible for facilitating communication and coordination among member states.
    • The Directing Staffs of the Secretariat include:
      • Secretary General: From Nigeria, the Secretary General oversees the overall functioning of the Secretariat and represents D-8 in external matters.
      • Director I (Administrative, Legal and Internal Issues): From Pakistan, responsible for administrative, legal, and internal affairs within the Secretariat.
      • Director II (Economy, Implementation, and External Relations): From Indonesia, responsible for matters related to the economy, implementation of initiatives, and external relations of D-8.

    External Relations of D-8

    • United Nations (UN)
      • D-8 obtained observer status in the United Nations General Assembly, enhancing its visibility and capacity-building opportunities.

    • United Nations Industrial Development Organization (UNIDO)
      • Signed a Joint Declaration focusing on trade capacity-building, SME development, renewable energy, and industrial cooperation.

    • Organization of Islamic Cooperation (OIC)
      • Signed a Memorandum of Understanding (MoU) to promote joint programs and projects, particularly in agriculture, trade, and energy.

    • Islamic Development Bank (IDB)
      • Signed an MoU for cooperation in various sectors including transportation, trade, investment, energy, and agriculture.

    • African-Asian Rural Development Organization (AARDO)
      • Signed an MoU to promote cooperation in agriculture and rural development among member countries.

    • Economic Cooperation Organization (ECO)
      • Signed an MoU to strengthen cooperation in trade, energy, agriculture, and SME development.

    • Organization of the Black Sea Economic Cooperation (BSEC)
      • Signed an MoU to foster cooperation in trade, agriculture, industry, and tourism.

    • Economic Community of West African States (ECOWAS)
      • Signed an MoU to collaborate on pharmaceuticals, industrial upgrading, agriculture, and food security.

    • Islamic World Science Citation Center (ISC)
      • Signed a MoU to promote cooperation in scientometrics, technology, and innovation among D-8 countries.

    • Chatham House
      • Signed an MoU to collaborate on global health initiatives, enhancing the visibility and capacity of D-8's Health and Social Protection Secretariat.


    In conclusion, the proposal by Bangladesh Prime Minister Sheikh Hasina for a common currency among Muslim countries, akin to the Euro, underscores the growing momentum towards economic integration and cooperation within the D-8 Organization for Economic Cooperation. This initiative, coupled with the existing agreements and collaborations with various international organizations and entities, reflects a concerted effort to enhance trade, investment, and development among member states. As the D-8 continues to strengthen its institutional framework and expand its partnerships, it is poised to play a more significant role in promoting socio-economic prosperity and stability across its diverse member countries.

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