26 February 2010
Tehran - Iran's Industries Minister Ali-Akbar Mehrabian says the D8 industrial strategy will be finalized in the first meeting of industry ministers of eight Muslim developing states (D8), that will be held in Tehran from February 27 to March 2. The D8 meeting news website quoted Mehrabian as saying, "In the industry ministers' meeting of the D8 we will try to forge an industrial convergence so as to appear in global economy more effectively than the past and address most of our needs in the scientific, technological and industrial domains."

He said the Islamic Republic of Iran intends to further strengthen Islamic approaches among members and economic cooperation with the member states, thus materializing economic, political and cultural objectives.

The first meeting of industry ministers of the developing eight Islamic countries (D8) aims to utilize capacities in order to increase the influence of D8 countries in global industry, Mehrabian said.

He expressed hope that the meeting will take a huge step to enhance cooperation and consolidate economic relations among the member states to face global threats.

The Iranian official further expressed hope that the meeting will bring about higher living standards in D8 countries and will have positive results in Iran's industry sector.

The D8 members include Iran, Bangladesh, Egypt, Indonesia, Malaysia, Nigeria, Pakistan and Turkey.

The combined population of the eight countries is about 60 percent of the Muslim people, or close to 13 percent of the world's population.

Following the "Conference on Cooperation for Development", on October 22, 1996, and after a series of preparatory meetings, the establishment of D8 was announced officially by the Summit of Heads of State in Istanbul, on June 15, 1997.

The objectives of D8 are to 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, and provide better standards of living.

Around 400 domestic and foreign guests have been invited to the event.

© IRNA 2010