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. Broader:
Promoting economic cooperationStrengthening regional cooperationIncreasing international economic cooperation Facilitates:
Ensuring cooperation between United Nations and multilateral financial organizations in follow up to UNCED Organizations:
Colombo Plan for Cooperative Economic and Social Development in Asia and the Pacific Confederation of Asia-Pacific Chambers of Commerce and Industry European League for Economic Cooperation Asia-Pacific Economic Cooperation League of Arab States Economic Cooperation Organization Black Sea Economic Cooperation Business Council Inter-American University Council for Economic and Social Development Black Sea Economic Cooperation Centre for the Exchange of Statistical Data and Economic Information Central American Economic Cooperation Committee Arab Economic and Social Council Pacific Islands Forum European Business Council for Africa and the Mediterranean Pacific Economic Cooperation Council Organization of Black Sea Economic Cooperation Parliamentary Assembly of the Organization of the Black Sea Economic Cooperation Bank for Economic Cooperation and Development in the Middle East and North Africa South Asian Economic Cooperation Scheme Caribbean Forum for Development African Fund for Guarantee and Economic Cooperation International Committee for Economic Reform and Cooperation, Kiev Black Sea Economic Cooperation Free Trade Area Standing Ministerial Committee for Economic Cooperation of the Non-Aligned Movement Center for Middle East Peace and Economic Cooperation, Washington DC Research Institute for International Technical and Economic Cooperation, Aachen South Pacific regional trade and economic cooperation agreement, 1980 South Pacific regional trade and economic cooperation agreement Black Sea economic cooperation pact International Organization for Promotion of Regional Economic Cooperation, Moscow Informal Contact Group of Secretariats of Economic Cooperation and Integration Groupings of Developing Countries East Asian Economic Development and Cooperation Council Subjects:
Communication → PromotionEconomics → Economic
Type Classification:
G: Very Specific strategies Related UN Sustainable Development Goals:
