Promoting economic cooperation

Description

Promoting economic cooperation involves fostering collaborative frameworks among nations, regions, or organizations to enhance trade, investment, and resource sharing. This strategy aims to reduce economic disparities, resolve trade barriers, and stimulate sustainable growth by establishing joint agreements, harmonizing regulations, and facilitating knowledge exchange. Practical actions include creating free trade zones, coordinating development projects, and supporting capacity-building initiatives, thereby addressing issues such as market fragmentation, inefficiency, and unequal access to economic opportunities.