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December 20, 2024 | 12:43 pm
TEMPO.CO, Jakarta - President Prabowo Subianto said the D-8, or Developing-8, must move beyond economic cooperation into a global South movement that advocates for a more just and equitable global order based on international law, inclusivity, justice, and mutual prosperity.
The president said this can be achieved through the participation of all D-8 members in the global decision-making process. He conveyed the statement during his speech, addressing D-8 members at the New Administrative Capital Presidential Palace, Cairo, Egypt, on Thursday, December 19, 2024.
“We must work together to unite and overcome our differences. We must prioritize the collective good of our people,” Prabowo was quoted as saying in @egyptianpresidency on YouTube.
The Indonesian president reckoned that without unity, D-8 would be weaker and more susceptible to exploitation. “With this spirit, Indonesia reaffirms its commitment to strengthen the D-8,” Prabowo said.
In addition, Prabowo suggested inviting more countries to join the group to strengthen its position.
“Once again, we must learn from the current geopolitical situation. Without unity, without overcoming our differences, we cannot be strong,” he emphasized.
He further highlighted the significance of solidarity in supporting the Palestinian cause. “We say we support Palestine. But if we are weak, how can we support Palestine? Therefore, Your Majesty, let us leverage our collaboration.”
Prabowo also called on the D-8 members to collaborate in harnessing the potential of the blue economy. One strategy, he suggested, is to establish Preferential Trade Agreements.
Prabowo highlighted the group's position as the world's third-largest economic bloc and its projected ranking among the top 25 economies by 2050.
“One of our greatest untapped potentials is our shared maritime resources. With access to major world oceans such as the Atlantic, Mediterranean, Indian, and Pacific, all D-8 countries are uniquely positioned to leverage the benefits and resources of the blue economy,” Prabowo said.
According to Prabowo, D-8 members must capitalize on this potential. Citing the global fishing industry's value of US$600 billion, he argued that a focused effort on the blue economy could strengthen the economies of D-8 member states.
However, to realize real benefits for their citizens, Prabowo proposed that D-8 members deepen economic integration and cooperation. He advocated for the implementation of Preferential Trade Agreements, which involve reducing or eliminating tariffs and non-tariff barriers between participating countries.
Additionally, Prabowo suggested the creation of more streamlined and integrated customs procedures for trade, as well as the development of halal value chains.
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