ISLAMABAD - The Developing-8 (D-8) Muslims countries are poised to enhance their share in global trade by 15 per cent by 2018 and strategy in this regard is expected to be formulated during the four day-summit that would begin here on Monday (today).

"The D-8 countries share in global trade has already been enhanced from $67 billion in 2008 to $130 in 2011 which is almost double," Secretary Trade Development Authority Pakistan (TDAP), Abdul Qadeer Qazi said while addressing a Press conference on the eve of D-8 summit. He said that the agenda for enhancing global trade was already set in 2008,however, this would be thoroughly debated during this event.

He said that the 7th D-8 conference was held in Nigeria and now it is being held in Pakistan and in this way, the country would have Chairmanship of the forum.

He further said that it is for the first time that the main focus of the D-8 conference is on trade development ,adding, that the Ministry of Commerce has been given special preference to formulate its programmes for the summit. Qadeer said that Pakistan has also set up a country stall in the exhibition showcasing engineering, textile and halal food products.

He said that during the summit, discussions will also be held to strengthen the D-8 Chamber of Commerce and Industry to further boost trade relations among the private sectors of the member States.

  Muslim countries summit would also discuss ways and means for further strengthening mutual business and trade relations for the benefit of people of the member States and enhance their share to 15 per cent of the total global trade, he added.

Chief Executive, TDAP, Tahir Raza Naqvi would present welcome address and then Draft Agenda of the summit would be adopted.

The D-8 Secretary General or his representative would present the activities and aims and objectives of the forum.