Indonesia seeks expanded Developing-8 preferential trade agreement

( November 4, 2026, 03:58 GMT | Official Statement) -- MLex Summary: Indonesia plans to promote greater use and potential expansion of the Developing-8 preferential trade agreement during its 2026-2027 chairmanship of the economic cooperation group, the Trade Ministry said in a statement on Tuesday. Deputy Trade Minister Dyah Roro Esti Widya Putri discussed the plans with D-8 Secretary-General Sohail Mahmood in Istanbul on Monday. They included an ongoing study on expanding the agreement and efforts to harmonize halal product standards among member countries. Indonesia also plans to host D-8 trade ministerial meetings in the second half of 2027. The agreement, which took effect in June 2024, facilitated $40.3 million in Indonesian exports through May 2026. Indonesia's total trade with D-8 members reached $41 billion in 2025. The D-8 comprises Azerbaijan, Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan and Turkey.Statement follows (in Indonesian)....

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