strategy

Promoting regional economic cooperation

Synonyms:
Supporting regional economic cooperation
Context:
Subregional and regional integration offers a multisectoral framework of cooperation which combines the tools of trade expansion with cooperation in respect of investment, services, transport, customs facilitation and other areas which mutually enhance each other's effectiveness. Producers can benefit from economies of scale. Subregional integration is a means to diversify into new export products, to encourage many new firms to export for the first time, to gain experience on the regional market, and to become competitive in certain branches where the regional market exceeds the threshold of cost effectiveness. Subregional integration can therefore constitute a major stage in the learning process for attaining international competitiveness and, in certain industries, a phase in the process leading towards later expansion towards world markets. It can also strengthen the position of members in trade negotiations.
Organizations:
or Cooperative Economic and Social Development in Asia and the Pacific (1100022243)
of Asia-Pacific Chambers of Commerce and Industry (1100041631)
e for Economic Cooperation (1100054782)
conomic Cooperation (1100060810)
States (1100014984)
ration Organization (1100066565)
omic Cooperation Business Council (1100044924)
University Council for Economic and Social Development (1100035486)
omic Cooperation Centre for the Exchange of Statistical Data and Economic Information (1100067659)
an Economic Cooperation Committee (1100059781)
and Social Council (1100023339)
s Forum (1100021829)
ess Council for Africa and the Mediterranean (1100001179)
ic Cooperation Council (1100041140)
f Black Sea Economic Cooperation (1100045503)
Assembly of the Organization of the Black Sea Economic Cooperation (1100000654)
mic Cooperation and Development in the Middle East and North Africa (1100061974)
onomic Cooperation Scheme (1100055919)
m for Development (1100067988)
or Guarantee and Economic Cooperation (1100000307)
Committee for Economic Reform and Cooperation, Kiev (1100000297)
omic Cooperation Free Trade Area (1100041027)
terial Committee for Economic Cooperation of the Non-Aligned Movement (1100011508)
dle East Peace and Economic Cooperation, Washington DC (1100008710)
tute for International Technical and Economic Cooperation, Aachen (1100042833)
regional trade and economic cooperation agreement, 1980 (1100049613)
regional trade and economic cooperation agreement (1100063547)
omic cooperation pact (1100017325)
Organization for Promotion of Regional Economic Cooperation, Moscow (1100035184)
ct Group of Secretariats of Economic Cooperation and Integration Groupings of Developing Countries (1100032827)
nomic Development and Cooperation Council (1100052044)
Type Classification:
G: Very Specific strategies
Related UN Sustainable Development Goals:
GOAL 8: Decent Work and Economic Growth