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This agreement enables businessmen to overcome bureaucracy: Amr Moussa

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February 26, 2001 

Cairo- (UNB)- The Foreign Ministers of D-8 countries have signed a pact to facilitate entry visas for businesspeople of the member- states in their bid to boost trade.

"This agreement enables businessmen to overcome some bureaucratic hurdles and procedural obstacles that harm investment opportunities in these countries," Egypt's Foreign Minister Amr Moussa said.

Egyptian President Hosni Mubarak, right, talks with his foreign Minister Amr Moussa, left, as Prime Minister Atef Obeid, center, listens before the opening session Sunday Feb. 25, 2001 of the D-8, or Developing Eight, comprising Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan and Turkey. (AP Photo)

Foreign Minister Abdus Samad Azad represented Bangladesh at the meeting of the Council of Ministers that concluded here Saturday. The closed- door meeting discussed trade activities among D-8 member-states and highlighted the importance of increasing the volume of trade exchange.

The D-8 officials who also met here prior to the 3rd summit that began here yesterday agreed on a number of measures to facilitate trade and harmonize laws and regulations in this respect.

In the meeting they pointed out the necessity of clearing obstacles from different sectors, such as inter-D-8 transport, to encourage private sector to play more active role in boosting trade.

The D-8 countries, home to 800 million people, or 13 percent of the world’s population, share among themselves around 3.5 percent of global trade. This is, however, higher than the intra-SAARC trade.

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