Eight developing countries to enhance trade volume to US$500b

A group of developing Islamic countries have agreed to boost their trade volume from the existing US$120.5 billion (N$1.9 trillion) to US$ 500 billion (N$7.9 trillion) by the end of 2018, officials said yesterday.
Trade ministers from the D-8, grouping eight Islamic countries, met in Islamabad and agreed to operationalise their Preferential Trade Agreement (PTA) from July 1 this year, Pakistan Commerce Minister Khurram Dastagir said.
The member countries are Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan and Turkey.
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