D8 Countries Recommend Shipping Sector Development For Effective Trade Cooperation

D8 CountriesA group of 8 developing countries known as D8 Countries has advocated massive investment and training in ship building technology for effective trade cooperation.

The Secretary-General of the D8 Expert Working Group, Dr. Seyed Mousavi, made the suggestion at a meeting to deliberate on how to improve trade amongst member countries through shipping in Abuja, Nigeria’s capital city.

Dr. Mousavi said that significant investment in the shipping sector is key to the achievement of socio-economic development for member countries.

Although a lot of efforts have been put in place to ensure easy transportation of goods and services among member countries, experts called for commitment from government in terms of investment and education.

While previous meetings on how to boost trade amongst member countries is said to have yielded positive results, top officials at the meeting, including the Minister of Transport, Idris Umar, and Permanent Secretary, Ministry of Foreign Affairs, Martin Uhomoibhi believed that the implementation of pending policies could further improve its socio-economic development.

Members of the D8 countries are Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan, and Turkey. It is expected that recommendations made at this meeting will be fully implemented in the interest of member countries.