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Dhaka Tribune

PM Hasina: Muslim countries better launch common currency like EU’s euro

  • 'If we can improve trade among us, then we do not have to be dependent on others'
  • D-8 should work together like a family in trade and commerce, says PM 
Update : 05 Mar 2024, 08:21 PM

Prime Minister Sheikh Hasina suggested on Tuesday that the Muslim countries introduce a common currency like the euro of the European Union to facilitate trade and commerce among them.

“It would be very good if we could introduce a common currency following the European Union to facilitate trade and commerce among us,” she said.

The prime minister said this while a delegation of D-8 trade ministers led by Turkish Deputy Minister of Trade Mustafa Tizcu called on her at her official residence, Ganabhaban.

PM’s speech writer, M Nazrul Islam, briefed the reporters after the call.

Sheikh Hasina said that the D-8 was formed with the eight Muslim-majority countries of the world, aiming to enhance trade and commerce among them along with improving friendship to develop the socioeconomic status of the people of these countries.

The group comprises Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan, and Turkiye.

“I aim to improve the fate and socioeconomic development of the common people. It is possible only when we will be able to enhance trade and commerce among us,” she said.

She mentioned that the member countries of the D-8 have ample scope to achieve this.

“If we can improve trade among us, then we do not have to be dependent on others,” she said.

Talking about the Rohingya issue, she said that one or two generations are going to be lost, and many of them are involved in criminal activities.

She expressed her grave concern regarding their dignified repatriation to their homeland.

“It is becoming difficult day by day, especially because of the present internal conflict in Myanmar. The move to repatriate them is becoming tough,” she said.

She said that the D-8 should work together like a family in trade and commerce and provide technical assistance to each other in developing their fate.

The main agenda of the meeting was to implement preferential trade agreements (PTAs) among the D-8 member countries and expand their areas of effectiveness. 

In this regard, a Dhaka Declaration was made and adopted at the meeting of the Council of Ministers, as they agreed to boost bilateral and multilateral trade among the D-8 countries. 

The delegation extended their gratitude to the prime minister as one of the initiators of launching the D-8 grouping 27 years ago, and today she remains the only founding head of government.

The delegation said that at the meeting they decided to increase the trade volume among the D-8 member countries to $500 billion by 2030, which is now $146 billion. 

They also appreciated the prime minister for hosting and feeding the forcibly displaced Myanmar nationals, Rohingya, saying that the D-8 and Muslim countries will continue to provide assistance and cooperation for them.

Talking about the Israeli attacks on Gaza, the delegation members lauded Sheikh Hasina’s stance in support of the Palestinian territory.

State Minister for Commerce Ahasanul Islam Titu, Ambassador-at-Large M Ziauddin, Principal Secretary to the Prime Minister M Tofazzel Hossain Miah, and Commerce Secretary Tapan Kanti Ghosh were present during the meeting.

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