Date :Saturday, November 3rd, 2018 | Time : 13:45 |ID: 76709 | Print

Zarif Urges D8 to stand up against unilateralism including criminal sanctions against Iran

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SHAFAQNA- Foreign minister of Iran called on the group of Eight Developing Islamic Countries (D8) to stand up against unilateralism, stressed the need to enhance and strengthen economic and commercial multilateralism.

Mohammad Javad Zarif delivered a speech to the 18th session of the D8 Council of Ministers, held in Turkey’s Antalya on Saturday.

In his comments, Zarif underlined that the D8 members need to join the large block of nations, who stand up against unilateralism.

Without directly naming the US, the top Iranian diplomat called on the D8 states to refuse to give effect to any irresponsible and illegal acts, including criminal sanctions against Iran, Tasnim news agency reported.

“Unilateral trade actions, retaliatory measures and economic sanctions could disrupt the global economy and undermine broader multilateral cooperation at a time when it is urgently needed”

“The economic report recently released by the IMF has predicted low growth rate and recession for the world economy. There should be no doubt that unilateralism and growing trade barriers and sanctions are the main reasons for the situation that has given rise to such a negative outlook”

“Under these circumstances, it is now more than ever necessary for us to enhance and strengthen economic and commercial multilateralism, including through frameworks such as the D-8. In general, D-8 Member States need to join the large block of nations, who stand up against unilateralism and, in particular, refuse to give effect to any irresponsible and illegal acts, including criminal sanctions against my country”, Zarif said in his speech to the gathering.

“While welcoming the operationalization of the D-8 Preferential Trade Agreement (PTA) in order to promote intra-regional trade among D-8 Member States, we need to explore other trade facilitation mechanisms such as financial and banking cooperation and payment mechanisms. In this context, we appreciate the initiative for the establishment of the D-8 Clearing House.” He added.

“We strongly believe that the private sector should be involved in all areas of cooperation such as trade, investment, industry, agriculture, social interactions and tourism. We need to encourage the private sector to participate appropriately in economic and commercial activities of the Organization. The private sector can play a central role in advancing innovation, creating wealth, income and jobs and mobilizing domestic resources. These are activities that can lead, among others, to poverty reduction”

The 18th session of the D8 Council of Foreign Ministers opened in Antalya, Turkey, on Saturday.

Addressing the opening ceremony of the event, Turkish Foreign Minister Mevlüt Çavuşoğlu referred to establishing set-off chamber in Friday meeting based on which a mechanism free of dollar and euro was underlined by member states.

Çavuşoğlu urged D-8 member states to pay attention to trade based on national currencies to be able to stand against economic threats, IRNA reported.

Iran’s Foreign Minister Mohamad Javad Zarif at the top of a delegation took part in the D-8 ministerial meeting in Turkey’s Antalya.

The D-8 Organization for Economic Cooperation, also known as Developing-8, is an organization for development of co-operation among the following countries: Bangladesh, Egypt, Nigeria, Indonesia, Iran, Malaysia, Pakistan, and Turkey.

The previous 17th session of the D8 Council was held in Istanbul in October 2017.

The 41st session of the D8 Commission was held in Istanbul from November 1 to 2 under the chairmanship of the Republic of Turkey. The commissioners and heads of delegations from all the D8 Member States took part in the two-day event.

 

Full text of Dr. M. Javad Zarif’s speech at the 18th Session of the D-8 Council of Ministers is available Here: 1_5109767474459443278

 

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