Iran Ready to Expand Business Ties with D-8 States: FM

During the Wednesday meeting, Iran’s top diplomat described the D-8 Organization as an important body with great untapped potentialities for expanding cooperation among the member states.

He also expressed Iran’s willingness and preparedness to enhance cooperation with the private sectors of the D-8 member states and exchange experiences with the organization in scientific and technological areas.

Transfer of Technology, cooperation in various research and development areas, financing economic projects, barter system, cooperation in medicine production and exports were among other issues discussed in the meeting.

The D-8 Organization for Economic Cooperation, also known as Developing-8, is an organization for development cooperation among Bangladesh, Egypt, Nigeria, Indonesia, Iran, Malaysia, Pakistan, and Turkey.

The goals of D-8 Organization for Economic Cooperation are to improve the member states’ position in the global economy, diversify and create new opportunities in trade relations, enhance participation in decision-making at international level, and improve standards of living.

D-8 is a forum with no adverse impact on bilateral and multilateral commitments of the member states, emanating from their membership to other international or regional organizations.