Trade>>Supervisory Committee

The world economy is emerging as an integrated, inter linked and interdependent economy. Creation of new multilateral trading system under the WTO regime has given further impetus to this globalization process. However, recurrent challenges in WTO negotiations has affected the developing countries efforts for greater access to the developed markets.

The developed countries’ stances on farm subsidies and tariff reductions have left no option for developing countries but to construct regional trading blocs and adopt common positions to secure favorable trade terms viz-a-viz developed countries. D-8 member countries also need to devise innovative approach and means to promote their trade. The PTA provide such a means. It can also provide a stepping stone for its eventual integration into multilateral trading system. 

The objectives of D-8 are to improve the developing countries’ position in the world economy, diversify and create new opportunities in trade relations, enhance participation in decision-making at the international level, and provide better standards of living.

During the D-8 Summit held at Bali, Indonesia, in May 2006, the Heads of State and Government underlined the crucial importance of intra-trade for the development of D-8 cooperation and the vital role of the private sector in this context; and welcomed the conclusion of two agreements i.e. Preferential Trade Agreement and the Customs Cooperation Agreement. 
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1st Meeting of the Supervisory Committee of Preferential Trade Agreement among D-8 Member States ( 22 March 2012, Istanbul- Turkey)

The Committee noted with satisfaction that Indonesia, Malaysia, Nigeria, Pakistan and Turkey, have submitted their respective revised offer lists. The Committee expressed the hope that Iran would submit its revised offer list at an early date.

Participants exchanged views on various aspects of the issue under discussion, and highlighted the following issues:

a.  The need for transposition of Harmonized System (HS) Code 2007 to HS Code 2012;
b. The need for the adoption of new HS Codes (2012) – to be facilitated through the services of the Secretariat;  and also to be included in the draft agenda of the second meeting of the Committee;
c.  It was proposed that each country shall undertake the transposition to HS Code 2012 for its own revised offer list; it was further agreed that the concessions in the revised lists would remain unchanged. 
d. It was proposed that, if needed, an extraordinary meeting of the Committee might be convened to address this particular issue;
e. The Committee agreed that the tentative cut-off date for the first installment of tariff reduction shall be 15 August 2012. The contracting parties shall notify the Secretariat before 30 April 2012 their confirmation regarding the cut-off date. The date of implementation will be announced officially and communicated by the Secretariat.
f.   The Committee noted the proposal of Pakistan to establish a subcommittee of experts with the following terms of reference:
1.   To identify Para-tariffs and non-tariff barriers employed by the contracting parties;
2. To undertake mapping of sanitary and phytosanitary conditions and standards prevalent in the contracting parties, 
3.  To propose a Road-map for harmonization of standards and sanitary and phytosanitary conditions;
4.To explore the possibility of mutual recognition agreement amongst the contracting parties.
g.  The Committee noted Malaysia’s concern that the Agreement may not be effectively implemented without appropriately addressing the issue of D-8 PTA Rules of Origin for some products.

h.  Following exchange of views on the establishment of the “Arbitration Panel” (Article 26), Turkey expressed readiness to prepare the initial draft on the composition and procedure of the Panel, within two months, to be distributed, by the Secretariat, among the member countries. 
i.   Turkey was elected as the chairperson of the Supervisory Committee for the next 2 years.

j.  Nigeria and Turkey proposed to host the second meeting of Supervisory Committee – the date of which will be determined and communicated through diplomatic channels.

2nd Meeting of the Supervisory Committee of the Preferential Trade Agreement Among D-8 Member States (29 March 2013 Ankara–Turkey)

These are the following important outcomes during the Meeting:

-The cut-off date of the first installment of tariff reduction

The Meeting agreed to set a new cut-off date as 1st August 2013 for the implementation of first installment, by the Contracting Parties.  

-Exchange of views on the transposition of Harmonized System (HS)Code 2007 to HS Code 2012 

The Meeting concluded that all Contracting Parties are requested to submit to the Secretariat their offer lists, on transposed HS Code 2012 format, before 1st August 2013. 

-Discussion on the draft "Dispute Settlement" Document

An ad hoc Working Group was established by the Supervisory Committee to discuss and subsequently draft a Disputer Settlement Protocol to have a simple facilitative  mechanism. The Working Group further agreed to continue their work intersessionally.

3rd Meeting of the Supervisory Committee of the Preferential Trade Agreement Among D-8 Member States (09-10 April 2014 Ankara–Turkey)

-The Meeting decided that the ad-hoc Working Group should continue its discussion on the consolidated draft Dispute Settlement document with the objective to finalize it, latest during the Senior Officials Meeting, which will be held before the Second Trade Ministers’ Council Meeting.

-At the 1st Trade Ministers Council Meeting (24-25 June 2013, Abuja – Nigeria), Member States endorsed 1 November 2013 as the new cut-off date for the implementation of first installment of tariff reductions, by the Contracting Parties. In addition, it was agreed that Member States should submit their Revised Offer Lists (transposed to HS Code 2012) to the Secretariat. As of to date, Indonesia, Malaysia, Nigeria, Pakistan, and Turkey have submitted their lists.

-The Government of Malaysia has announced “Malaysia's Federal Government Gazette on Goods under the D-8 Preferential Trade Agreement”, as approved by the Parliament of Malaysia on 5 December 2013. Subsequently, the Secretariat circulated this information to Member States for their further reference.

D-8 Secretariat

Buyukdere Cad. No:100-102
Maya Akar Center K:12 D:50
Esentepe 34394 Istanbul
Tel : +90 212 356 18 23-24
Fax: +90 212 356 18 29

-1st Meeting of the Supervisory Committee of the Preferential Trade Agreement (22 March 2012, Istanbul – Turkey) - Held

-2nd Meeting of the Supervisory Committee of the Preferential Trade Agreement (29 March 2013, Ankara, Turkey) -Held

-3rd Supervisory Committee Meeting on PTA (9-10 April 2014, Ankara-Turkey)- Held