D8 aiming to enhance energy trade and cooperate on global challenges

Turkey wants to enhance energy trade and cooperation to deal with global challenges among the Developing-8 states, the country’s foreign minister said on Thursday.

Speaking at the 17th session of the D8 Council in Istanbul, Mevlut Cavusoglu said, “We can develop energy trade among the [D8] states. We can altogether realise joint energy investments.”

“In fields, such as hydrocarbon exploration and production activities, we could produce projects together,” he said.

Turkey plans to focus on “sustainable development” during its coming D8 presidency, Cavusoglu said. “Energy is especially at the top of the fields upon which we can cooperate."

Turkey will take over from Pakistan on Friday, which will mark the 20th anniversary of the international organisation.

The international summit, with the theme Expanding Opportunities through Cooperation, will be attended by Nigerian President Muhammadu Buhari and Azerbaijani leader Ilham Aliyev.

Pakistani Prime Minister Shahid Khaqan Abbasi, Iran's first vice president Eshaq Jahangiri and the vice president of Indonesia Jusuf Kalla will also participate.

Global challenges

Turning to global challenges, from poverty to racism, from mass migrations to drought across the world, Cavusoglu said, “Many crises, from Syria to Yemen, from Iraq to Afghanistan, from Palestine to Myanmar, are happening near the D8 countries.

“Against all these threats, we, as the D8 countries, need to cooperate more effectively."

"During our D8 presidency, we will exert efforts to make our organisation more effective and productive,” Cavusoglu said, calling for support from member countries.

Pakistani Foreign Minister Khawaja Muhammad Asif said his country had held the chair beyond the normal period of two years, since 2012.

The minister said Pakistan held a successful chairmanship and had worked to make the organisation more visible during its presidency.

He said the theme of the summit was very proper: "It reflects the objectives of the economic organisation."

The minister said the D8 was entering a new phrase and all member states needed to be much more resolved to reach goals in major areas of cooperation - industry, agriculture and food security, energy, trade, transportation and tourism.

"Pakistan is fully aware of the potential [of the organisation] ... and ready to extend full support and cooperation," Asif said.

The Developing-8, better known as the D8, was founded by then Turkish prime minister Necmettin Erbakan in 1997 through the Istanbul Declaration of Summit of Heads of State/Government.

Formed as an economic alliance, the body consists of Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan and Turkey.