Tuzmen: We Will Boost Commercial Relations Among D-8

Ankara, Turkey | April 06, 2007 by D-8 Secretariat

State Minister for Foreign Trade Kürşad Tüzmen has said the trade volume among the “Developing Eight” (D-8), an economic group of eight large Muslim countries, has already reached $11 billion and that Turkey is gearing up to help that figure grow still further.

Tüzmen received D-8 General-Secretary Dipo Alam, who is in Turkey for an official visit, in his office at the Undersecretariat of Foreign Trade in Ankara yesterday. Before the talks Tüzmen and his guest answered questions from the press.

The reason for Alam’s visit was to discuss possibilities for improving foreign trade, assisting the citizens of G-8 member countries in contracting projects and regulating Eximbank to ease trade, said Tüzmen. The first target is to increase the trade volume to $15 billion in the mid-term, Tüzmen noted, and added: “We have to do everything we can to reach this aim. The contribution of D-8 countries to trade among themselves is very low, despite their dynamic foreign trade. We will certainly increase it.”

Alam also noted the high potential for trade within the group and said evaluation of this potential was of crucial importance.

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