The 11th Summit of the Developing Eight (D-8) will take place on December 19, 2024, in Cairo, Egypt. This event is expected to highlight the collective economic strength of the D-8 member countries, which together represent a Gross Domestic Product (GDP) of approximately USD 4.81 trillion in 2023.
President Prabowo Subianto of Indonesia emphasized the transformative power of the D-8 nations, stating that their combined economic output positions them as the third-largest economic bloc globally. The summit aims to explore strategic cooperation, particularly in harnessing blue economy resources, which are crucial for enhancing the welfare of member states.
Key discussions will focus on implementing preferential trade agreements and strengthening the halal economic network, which is vital for enhancing value chains within the D-8 framework. The potential for collaboration in these areas is significant, as member countries possess unique positions to leverage their economic resources.
Observers are encouraged to pay attention to the outcomes of the summit, especially regarding agreements that may arise from discussions on economic cooperation and trade. The D-8's emphasis on blue economy strategies could lead to innovative approaches to sustainable development among member nations.
As the summit approaches, the global community anticipates insights into how the D-8 plans to capitalize on its collective strengths and address economic challenges faced by its members.