World Bulletin / News Desk
D-8 Organization for Economic Cooperation has launched a new project to avoid food crisis around the world.
Speaking to AA correspondent on Wednesday, D-8 Secretary General Prof. Widi Pratikto said that the world was facing another food crisis.
"To prevent new food crisis, the organization has launched a "Seed Bank" project which will be focused on the sectors of agriculture, food safety, energy, trade as well as industry and transportation," said Pratikto.
Pratikto stated that D-8 countries, Turkey, Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria and Pakistan, make one-sixth of world's all population.
After making several arrangements on the structure of organization, "Despite the economic downturn around the globe, in 2009 D-8 had a trade of 5.7 billion USD, and following the new agreements it reached 7.3 billion USD in 2011," said Pratikto.
Mentioning the new project of the organization, Pratikto said that Turkey would prepare a rough draft until October.
Some EU member states remain nervous about the impact on their own fragile economies. The sanctions deal was agreed only after initial proposals were narrowed.
Bankers in Singapore say Russians looking for a new Cyprus have come to the wrong place.
The default could get much messier and take longer to clear up if creditors force an "acceleration" for early payment on their bonds.
The ban came a day after the European Union and United States imposed their first sanctions aimed at hitting broad sectors of the Russian economy
Russia called new U.S. sanctions "destructive and short-sighted"
While the default will obviously hurt the economy, it will not be as severe as in 2001, economists say
The Czechs, who supported the action, have been against sweeping sanctions, worried about trade relations with Russia
The trade program has been criticized for disproportionately benefiting certain industries and a handful of countries, including Nigeria, South Africa and Angola.
The United Kalavrvta tanker, carrying some 1 million barrels of crude worth about $100 million, arrived off the coast of Texas on Saturday but has yet to unload its disputed cargo.
The uncertainty comes at a bad time for the 18 countries in the euro zone, whose economy is already in the doldrums.
"Kalashnikov regrets that consumers are faced with such a problem," said spokeswoman Yekaterina Boni.
Cairo and Khartoum had earlier accepted a proposal by Addis Ababa to hold the talks in Sudan in the third week of August.
Discounting the bulk of Japan's 48 reactors due to their long-term outage, the report said the number of operating units in the world has fallen to 388, 50 less than the peak in 2002.
Over 200,000 NUMSA-affiliated metalworkers declared a nationwide strike on July 1 to demand a 15-percent pay raise for laborers and a ban on labor brokers
The council said in a statement that any trade in oil ISIL or Nusra Front, would violate United Nations sanctions as both groups have been blacklisted.
The project is being implemented in collaboration with the Ethiopian and Norwegian governments at a cost of over $2.8 million.