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FPCCI President chairs D-8 FCCI meeting in Tehran

FPCCI President chairs D-8 FCCI meeting in Tehran

KARACHI: The President of FPCCI and President of D-8 Federation of Chambers of Commerce and Industry (D-8 FCCI), Zubair Ahmed Malik, has chaired the first committee meeting on finalisation of D-8 FCCI Statute in Tehran.

The meeting was attended by the presidents of chambers of commerce of five member countries including Pakistan, Iran, Turkey, Egypt and Nigeria.

The meeting discussed each and every Article of D-8 FCCI, prepared by the FPCCI and proposed various inputs and suggestions to be incorporated in the Statute, which will be finalised in two weeks by Turkey in consultation with its legal experts. As a President of the D-8 FCCI, Zubair Ahmed Malik emphasised that with a combined population of around one billion and a market size of more than $1 trillion, D-8 is set to emerge as one of the world’s most promising trade blocs.

We are looking forward to achieve target of $500 billion for intra-bloc trade which has been set by our respective governments for 2018, he said. He pointed out that it is essential for D-8 FCCI to undertake goal-oriented activities for rendering the need assessed services to the private sector of its member countries in order to implement the vision presented in the D-8 roadmap 2008-18.

He informed the member countries that FPCCI has drawn up a comprehensive action plan of activities for D-8 under which FPCCI will be sending delegations to the member countries for development of agriculture, industrial and manufacturing sectors.