The Preferential Trade Agreement (PTA) among the D-8 member states is likely to be operational in October this year with the ratification by Egypt which will help boost intra-trade. “Seven member states other than Egypt have ratified the D-8 PTA. You will be happy to know that Egypt has announced at this meeting that they will soon ratify the D-8 PTA,” said Foreign Minister Dr AK Abdul Momen while briefing the media on the outcome of the D-8 Ministerial meeting at a city hotel on Wednesday. The volume of intra-trade among the D-8 member states at the time of establishment was $14 billion, which has now reached $129 billion. “My hope is that within the next 10 years our intra trade will increase by 10 times. That’s my hope. There is no reason that we can’t achieve it,” Momen said. While talking to UNB, D-8 Secretary General Ambassador Isiaka Abdulqadir Imam said the D-8 PTA is already there and they just need to make it operational. “We hope it will become operational by October this year.” The D-8 Preferential Trade Agreement (PTA), signed on 13th May, 2006 in Bali, Indonesia is regarded as one of the most tangible outcomes of D-8 cooperation in trade. Foreign Minister Momen said the process of finalization of the draft “Trade Facilitation Strategy” is underway with a view to speedy implementation of the D-8 PTA. The issue was reviewed in the ministerial meeting and it is expected that this draft Trade Facilitation Strategy will be accepted in the 3rd Trade Ministers meeting to be held in Bangladesh soon, he said.