Pakistan ratifies D-8 Preferential Trade Agreement

Ankara: Pakistan has ratified the D-8 Preferential Trade Agreement (PTA). The Instrument of Ratification was handed over to the D-8 Secretary General Dr. Widi A. Pratikto by the Consul General of Pakistan Dr. Yousaf Junaid in Istanbul today.
The ratification of D-8 PTA by Pakistan signifies its commitment to the D-8 objectives of promoting and developing economic and commercial cooperation among the member states of D-8 group.

The D-8 Group was established in 1997 at the initiative of Turkey, to promote development cooperation among Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan and Turkey. The establishment of D-8 was announced officially through the Istanbul Declaration of Summit of Heads of State/Government on June 15, 1997.

D-8 member countries have a population of more than 961 million which represents almost 15% of the world population. Total trade among D-8 countries has grown from US$ 14.5 billion in 1999 to US$ 1.15 trillion in 2009.

Pakistan trade with D-8 countries accounts for 8.14% of its overall trade which is the highest as compared to the trade of other D-8 member states with members of the organization.

For more information, contact:
Abdul Akbar
Press Attache
Embassy of Pakistan
37 Iran Cadessi.GOP, Ankara, Turkey
Tel: +90 (312) 4270243,
Fax: 4670337
Facebook: www.facebook.com/PakTurkey
Twitter: @PakTurkey, Blog: http://PakTurkey.blogspot.com
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