Iranian President Mahmoud Ahmadinejad says the upcoming meeting of the Group of Eight Developing Countries in Pakistan is highly important due to current international developments.

“Considering international developments and the need for coordination and joint policy planning, the Pakistan summit is very important,” Ahmadinejad said Wednesday.

The president told reporters before leaving for Islamabad to attend the eighth summit meeting of the Group of Eight Developing Countries that the members of the group are influential “economically, scientifically and culturally.”

The D8 group is comprised of Iran, Turkey, Malaysia, Pakistan, Nigeria, Egypt, Bangladesh and Indonesia.

Egyptian President Mohamed Morsi, Indonesian President Susilo Bambang Yudhoyono, Nigerian President Goodluck Jonathan, and the Turkish Prime Minister Recep Tayyip Erdogan will participate in the Islamabad summit.

According to Pakistani Foreign Minister Hina Rabbani Khar, during the meeting, Pakistan will assume the rotating presidency of the D8 until 2014.

Before the official inauguration of the summit, the D8 foreign ministers will hold a preparatory meeting presided over by Khar.

The D8 group, with a population of one billion people, has a combined market value of one trillion dollars. The group is determined to boost its trade volume to USD 500 billion by 2018.
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News ID 183435