Baku, Azerbaijan, Jan. 28
By Umid Niayesh - Trend:
Industry minister from Eight Developing Countries (D8) signed a memorandum of understanding (MoU) for establishing a joint university, the Islamic Republic's Fars news agency reported Jan. 28.
The MoU was signed in Tehran on the sidelines of the fourth ministerial meeting of D-8 organization.
The university will be established in Iran 's northern city of Amol in cooperation with the Iranian Islamic Azad University.
It will accept students from the eight member countries of D-8 organization including Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan and Turkey from September 2015.
D-8, also known as Developing-8, is an organization for development cooperation among the member countries.
The objectives of D-8 are to improve member-states' status in the global economy, diversify and create new opportunities in trade relations, enhance participation in decision-making at the international level and improve standards of living.
Trade turnover among the Developing-8 countries stood at $150 billion in 2013 and is projected to hit $500 billion in 2018.
Edited by CN
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