D-8 Organization Sets $500 Billion Trade Goal by 2030

The Developing Eight Organisation for Economic Cooperation has set a target to increase intra-D-8 trade to $500 billion by 2030. Ambassador Sohail Mahmood, the D-8 Secretary-General, announced this goal during the second D-8 Business Forum in Jakarta, Indonesia, on October 15, 2026.

He noted that intra-D-8 trade was approximately $157 billion in 2024, highlighting the need for stronger commercial ties among member countries. The D-8 comprises nine economies across Asia, Africa, and Europe, representing about 1.3 billion people and a combined GDP exceeding $5 trillion.

Mahmood emphasized the importance of private-sector partnerships, improved market access, and resilient supply chains. He also mentioned the establishment of the D-8 Centre for Small and Medium Enterprises in Abuja in June 2025, which aims to promote entrepreneurship and integrate small businesses into regional and global value chains.

The completion of the ratification of the D-8 Preferential Trade Agreement by all original signatories is seen as a crucial milestone for enhancing trade benefits.