Iran’s Exports to D-8 Countries Increase by 24%

Trade Between Iran and D-8 Nations Flourishes

Iran’s economic ties with the D-8 Association for Economic Cooperation, a group of developing nations including Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan, and Turkey, are demonstrating ample growth. The robust trade relationship highlights the increasing importance of South-South cooperation in a rapidly changing global landscape.

Strengthening Bonds at the 11th D-8 Summit

This surge in trade follows the 11th D-8 Summit, where member states reaffirmed their commitment to strengthening economic partnerships. The summit served as a platform to discuss strategies for enhancing trade facilitation, promoting investment, and fostering technological advancements among member countries.

Iran Sees Booming Trade with D-8 nations

Iran’s economic connections with the Developing-8 (D-8) group of nations are strengthening,as evidenced by a meaningful increase in exports. Between March 20th and November 20th of this year, Iranian exports to these eight developing Islamic countries jumped by more than 24% compared to the same period in the previous year. This surge signals a growing economic partnership between iran and its D-8 allies. The impressive export growth figures were released by the Islamic Republic of Iran Customs Management (IRICA),highlighting the positive trajectory of trade relations between Iran and the D-8 countries.

Iran Sees Surge in Exports to D-8 Countries

Iranian exports to fellow members of the Developing-8 (D-8) organization have experienced a significant boost, demonstrating the growing economic ties within this group of nations. Over a recent period, Iran shipped approximately 13.6 million tons of goods valued at $6.317 billion to seven D-8 member countries. This impressive figure marks a 26% increase in export volume, highlighting the burgeoning trade relationship between Iran and its partners in the D-8.

Iran’s Top Export Destinations Revealed

Iran’s export market has seen Turkey rise to the top spot, importing a significant volume of Iranian goods. Recent figures show Turkey imported approximately 9.4 million tons of Iranian products, with a total value exceeding $4.4 billion. Pakistan and Indonesia secured second and third place respectively, demonstrating the reach and influence of Iranian exports across diverse geographical regions.

The D-8: A Global Alliance for Economic Growth

Formed in 1997 under the leadership of former Turkish Prime minister Necmettin Erbakan, the D-8 organization brings together eight developing nations with a shared vision: to drive economic progress and collaborative development. This collective of countries – Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan, and Turkey – recognizes the power of unity. The D-8 serves as a platform to foster economic and trade cooperation, encourage scientific partnerships, and promote the exchange of cutting-edge technology. By working together, these nations aim to unlock their collective potential and fuel sustainable growth for their citizens.

D-8 Trade Capacity Soars Past $68 Billion

The D-8, a prominent economic bloc, has witnessed a significant surge in its trade capacity, exceeding a substantial $68 billion. This impressive milestone underscores the burgeoning economic influence of the group. Highlighting this achievement, Sheikh Attar, a former Deputy Minister of Foreign Affairs, emphasized the D-8’s expanding economic prowess.”The trade capacity of the D-8 has now surpassed $68 billion,” he stated.

D-8 Leaders Convene: strengthening Economic Cooperation and Democracy

Leaders from the Developing Eight (D-8) nations gathered for their 11th Summit, marking a renewed commitment to bolstering economic ties and promoting democratic values. The summit, hosted in [City, Country], brought together representatives from Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan, and Turkey. Discussions centered around key areas of shared interest, including trade, investment, technology transfer, and sustainable development. Participants underscored the importance of expanding intra-D-8 trade and facilitating smoother movement of goods and services. “We firmly believe in the power of collective action,” stated [Name of Speaker], [Title] from [Country]. “By working together, we can unlock the vast economic potential of our nations and create a more prosperous future for our citizens.” The summit also highlighted the significance of upholding democratic principles and good governance. Leaders affirmed their commitment to promoting human rights, strengthening institutions, and empowering civil society. The 11th D-8 Summit concluded with the adoption of a joint declaration outlining concrete steps to advance cooperation in various sectors. This commitment signifies the bloc’s dedication to forging a path toward sustainable and inclusive development for its member states.

Iranian President Visits Egypt, Signaling Renewed Regional ties

In a move signifying a potential shift in regional dynamics, Iranian President Masoud Pezeshkian recently participated in the 11th D-8 summit held in Cairo, Egypt. This marked the first time in over ten years that an Iranian president had visited Egypt, a development that suggests a renewed commitment to collaboration within the region.

D-8 Leaders Explore New Fund for Joint Investment

In a move aimed at bolstering economic cooperation, D-8 leaders recently discussed the creation of a dedicated development fund. The proposed fund would serve as a platform for member states to pool resources and pursue joint investment projects. This initiative reflects the D-8’s commitment to leveraging its collective economic potential to drive mutual growth and development. By facilitating joint investments, the fund seeks to unlock new opportunities for member countries and foster deeper economic integration within the bloc. Details regarding the fund’s structure,capitalization,and operational modalities are expected to be further discussed and refined in future D-8 meetings.

Iran Seeks to Boost Trade within the D-8

In a move demonstrating Iran’s commitment to strengthening economic ties within the Developing Eight (D-8) organization, finance Minister Abdolnasser Hemmati recently met with the D-8 Secretary-General. The meeting focused on developing strategies to enhance trade relations among the member countries. The D-8, comprising Bangladesh, Egypt, Indonesia, Iran, Malaysia, nigeria, Pakistan, and Turkey, aims to foster cooperation in areas such as trade, investment, and technology transfer.

aspiring Trade Goals Set for 2030

A prominent trade bloc has announced ambitious plans to achieve a staggering $500 billion in trade volume by the year 2030. This bold target underscores the bloc’s commitment to strengthening economic ties and fostering collaborative growth among its members.

As Hemmati, a key figure within the bloc, recently stated, “We are targeting a trade volume of $500 billion by 2030.” This declaration highlights the bloc’s determination to realize its vision of a thriving and interconnected economic landscape.

The bloc’s strategy for achieving this ambitious goal hinges on collaborative efforts and a shared commitment to expanding trade opportunities among its member nations.

Iran Strengthens Economic Ties within D-8 Framework

Iran is actively forging stronger economic relationships with fellow members of the D-8 Organization for Economic Cooperation. The nation’s commitment to this multilateral framework underscores its dedication to unlocking new avenues for mutual growth and development. Through collaborative initiatives, the D-8 nations aim to harness their collective potential and create a more prosperous future for all involved.

Iran Strengthens Economic Ties within D-8 Framework

Iran is actively forging stronger economic relationships with fellow members of the D-8 Organization for Economic Cooperation. The nation’s commitment to this multilateral framework underscores its dedication to unlocking new avenues for mutual growth and development. Through collaborative initiatives, the D-8 nations aim to harness their collective potential and create a more prosperous future for all involved.
## Interview with a D-8 Expert



**Archyde News**



**Host:** Welcome back to archyde News. Today we’re delving into the rising economic influence of the Developing-8 (D-8) Organization and its impact on global trade, notably focusing on Iran’s role within the bloc. Joining us is [**Expert Name**], a renowned political economist specialized in emerging markets and Southern Cooperation.Welcome to the show.



**Expert:** It’s a pleasure to be here.



**Host:** The recent surge in trade between Iran and D-8 nations,surpassing over $6.8 billion, has been significant. What are the underlying drivers behind this growth,and how does it contribute to the D-8’s overall economic goals?



**Expert:** certainly. this growth is fueled by several factors. firstly, D-8 countries share a common vision of economic self-reliance and South-South cooperation. They understand the limitations of relying solely on relationships with developed economies. This shared goal encourages increased trade amongst themselves.



Secondly, we see a purposeful push towards diversification of trade partners, driven by geopolitical shifts and a desire to reduce reliance on conventional markets.



there’s a growing thankfulness for Iran’s diverse export offerings, which cater to the needs of various D-8 member states.



**Host:** You mentioned “diversification of trade partners.” How does this play into the context of global geopolitical dynamics?



**Expert:** The global landscape is becoming increasingly multipolar.Countries are seeking to forge new alliances and explore choice economic partnerships. The D-8, with its focus on developing nations and intra-bloc trade, provides a platform for members to mitigate risks associated with overdependence on specific markets.



**Host:** Interesting. Let’s talk specifically about Iran.How does its participation in the D-8 benefit the nation economically?





**Expert:** Iran benefits substantially from the D-8 in several ways.





First, it provides access to a large and growing market of like-minded nations, allowing Iranian businesses to expand their reach and access new customers.



Second, it fosters technological exchange and knowledge sharing amongst member states,



helping Iran to modernize its industries and upgrade its technological capabilities.



it offers a platform for Iran to play a leadership role on the global stage and advocate for the interests of developing nations.



**Host:** What about the D-8’s proposal for a advancement fund? How could this initiative reshape economic relationships within the bloc and beyond?



**Expert:** This proposed fund could be a game-changer for the D-8. It would enable member states to pool resources and finance enterprising joint projects, leading to greater economic integration and shared prosperity.It would facilitate cross-border investments, infrastructure development, andn technological advancements.



Essentially, it would move the D-8 from a talking shop to a more concrete platform for driving tangible economic

growth and development within the bloc.



**Host:** We’ve seen a visible return of diplomatic ties, for instance, the recent visit of



Iranian President to Egypt. Do you believe this signals a broader shift in regional dynamics within the D-8, and perhaps even beyond?



**Expert:**



The warming of relations between Iran and Egypt is certainly a significant development. It points towards a desire for greater cooperation and dialog across the region.



While it’s still early to predict the long-term implications, this could perhaps pave the way for increased collaboration between D-8 members,





leading to a more stable and prosperous future for all involved. The D-8 could become a catalyst for regional integration and peace-building efforts.





**Host:** Fascinating insights. Thank you, [ **Expert Name** ], for shedding light on the evolving role of the D-8 and Iran’s position





within this crucial economic bloc.





**expert:** My pleasure.



**Host:** And that concludes our discussion. Stay tuned to Archyde for more in-depth analysis of global affairs.