Malaysia urges Muslim food security plans
MALAYSIA: Malaysia will ask a summit of eight Muslim-majority nations
to consider joint investments in projects such as a fertiliser plant to
help secure food supplies, the prime minister said on Monday.
Leaders from the group of Developing Eight (D-8) countries open the
summit in Kuala Lumpur on Tuesday to try to find ways to battle soaring
food and energy prices.
The group - comprising Iran, Indonesia, Egypt, Malaysia, Turkey,
Pakistan, Nigeria and Bangladesh - represent about one billion people,
or 14 percent of the world's population.
Fast-industrialising Malaysia, which is seeking to beef up the
grouping's economic muscle, said intra-trade and cross-border
investments should be high on its agenda.
"If we can have a big economic project, a big fertiliser project as a
D-8 project to cater for the needs of its members as well as for
exports, I think that will be very good," Prime Minister Abdullah Ahmad
Badawi said.
"This can be done on the basis of joint investments," he told Reuters
in an interview ahead of the summit.
"Some of the D-8 countries are also oil producing countries, that can
assist us," said Abdullah, whose country is taking over the chair of the
grouping from Indonesia.
Most fertiliser plants use gas and naphtha as feedstock.
"We are going to identify two or three D-8 joint investment projects
that will be to cater for its immediate needs," he said, adding that the
projects could be related to food security needs.
Abdullah declined to provide more details, saying he would present
his idea at Tuesday's summit.
Iran's President Mahmoud Ahmadinejad and Indonesian President Susilo
Bambang Yudhoyono are attending the summit.
Putrajaya, Monday, Reuters
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