'Let's Act According to the Rules'

Turkish Prime Minister Recep Tayyip Erdogan asked the D-8 leaders not to confront the world. It is reported that Erdogan wandered from his prepared speech and issued a number of warnings.

'Let's Act According to the Rules'
Turkish Prime Minister Recep Tayyip Erdogan's suggestions left their mark on the D-8 (Developing eight countries) meeting held on the Bali Island of Indonesia.

Erdogan asked the D-8 leaders not to confront the world. It is reported that Erdogan wandered from his prepared speech and issued a number of warnings.

It is not appropriate for D-8 countries to act only in line with their own financial principles, Erdogan said, and interpreted such actions as "isolating ourselves." Erdogan recommended acting according to the rules and to not be at odds with international practices.

First held 1997 in Istanbul, the fifth D-8 meeting was held in Bali yesterday, attended by prime ministers and presidents of member countries Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, and Pakistan. Turkey was represented by Prime Minister Erdogan.

'Schengen visa' suggestion to D-8 members

Erdogan made an interesting suggestion at the D-8 meeting by recommending the introduction of a practice between D-8 countries similar to the 'Schengen visa' practice employed in Europe.

Businessmen often have problems getting visas; it should be made easier for businessmen to get visas, Erdogan suggested.

Furthermore, Erdogan touched on D-8 countries' competing globally and said, "Money is like mercury. It stays where it finds appropriate. Money knows no religion."

D-8 Countries Agree on Customs Rebate

The D-8's Preferred Trade Agreement and Administrative Benevolent Collaboration Agreement were signed at the D-8 (Eight Developing Countries) 5th summit, in session at Bali, Indonesia. Turkish Prime Minister Recep Tayyip Erdogan and the seven other state and government leaders witnessed the signature ceremony.

Aims to increase and diversify trade among member countries the D-8 countries intend with the agreement to reduce taxes in replacement of the existing eight percent tariff lines. Removal of the non-tariff barriers is among agreement's goals.

It also includes a planned Trade Ministers congress, where foreign trade ministers from the eight countries would hold high-level consultations to improve commercial ties.

In addition, the Administrative Benevolent Collaboration Agreement will establish cooperation in customs in order to initiate a regular information flow among the countries and bring customs applications to international standards.



 

Last Mod: 20 Eylül 2018, 18:16
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