Industry News Trade

D-8 and OIC’s Synergistic Cooperation on Cotton Trade and Textile Industry

Istanbul, Turkey | September 26, 2007 by D-8 Secretariat

cottonballsOne prime examples of a teamwork cooperation between OIC and D-8 recently is in cotton trade and textile industry.

Quoting D-8 news website on cotton potential businees opportunities, the organ of OIC, the Cotton Investment Forum announced on its website the expected wider participation from D-8 Chambers of Commerce in filling the high need of Turkish textile factories for more cotton imports. Secretary General Dipo Alam asked and assigned D-8 Communication Staff to send information to all Chambers of Commerce in D-8 countries to take up this business opportunities to boost more intensive intra-trade within D-8 countries.

D-8 Director, Ambassador Kia Tabatabaee views this as an encouraging start for a mutually beneficial teamwork of D-8 and OIC, and stressed that both organisation has alot to gain by promoting, strengthening, and sharing information, as well as synergistically advancing their common programs.

After a working visit to Jeddah to meet OIC Secretary General, D-8 Secretary General called for Secretariat team and D-8 Commissoners, to review a number of OIC programs that can be matched in harmony with D-8 programs. “We need to efficiently plan our teamwork in the most productive way. By this, we mean that unnecessary ‘reinventing the wheel’ programs between D-8 and OIC, as well as developing countries, should be avoided” said Dipo Alam. “This is due to our limited and adequate resources to implement a lot of programs. Instead, we should focusing, enhancing and strengthening our programs based on our organizations’ comparative advantages to effectively implemented and getting optimal outcomes,” added the Secretary General in his office on Tuesday.

In the next upcoming D-8 Working Group on Industrial Cooperation in Indonesia, D-8 Secretary General expects that the outcome of OIC Cotton Forum in November 10-12, 2007, in Istanbul, should be considered, observed, and transformed by delegates into a “down-to-earth” industrial cooperation program, since D-8 countries possess incredible strength in textile industry.

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