News
Friday, November 23, 2012
D8 pledges innovative collaboration against challenges
Staff Report
ISLAMABAD: The D8 countries in their Global Vision 2012-2030 approved at the group’s summit on Thursday committed meeting existing and emerging global challenges through innovative collaboration arrangements and mechanisms in such strategic fields as capacity-building, transfer of technology, and investment and capital assistance, in order to cushion against externally induced economic shocks, climate change, food and energy insecurity.
The vision states that D8, as an intergovernmental organisation, comprising Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan and Turkey, based on friendship, solidarity and pursuit of sustainable economic growth, endowed with abundant human and natural resources, aspires to become a dynamic economic grouping promoting sustainable development of its member states, as well as be a major actor in the global economic governance and system, and international economic cooperation.
The D8 noted it was committed to promoting fruitful collaboration and close cooperation between and among the member states in the widest possible fields, particularly in the agreed priority areas, and enhance mutually beneficial interdependence within the D8 community, and active promotion of liaison with other regional and international organisations and institutions, with a view to the realisation of internationally agreed development goals and graduation of LDCs.
It vowed to work towards broadening the support for the organisation at the national level within the member states, and strengthen its weight and voice at regional and international levels, including through active engagement in and promotion of South-South and South-North cooperation. The grouping also declared a desire to promote and enhance collaborative partnership and engagement between public and private sectors at the national level within and among the member states.
It would pursue good governance, rule of law, sound economic policies, and political stability as prerequisites for a smooth process of long-term development, improvement in standards of living in the member states, and the promotion of mutually beneficial relations with other member states, regional groups and the world at large. The bloc would strive towards developing an appropriate model for integration among the member states with a view to promoting its competitive edge at the international level; and to contribute to the changing architecture of global economic governance from the perspective of developing countries.
It will also collaborate with others on the basis of such core values as peace, dialogue, cooperation, justice, equality, moderation, democracy, rule of law, harmony, peaceful coexistence, and inclusion.
The D8 Global Vision 2012-2030 notes that its strategy towards achieving its long-term ideals and objectives is based on an objective analysis of the tremendous potentials of the entire community, shared commonalities, and particular characteristics and challenges of the member states.
Courtesy www.dailytimes.com.pk