Regional Economic Cooperation and Integration
ESCAP emphasizes that deepening economic integration and cooperation in the region could be mutually beneficial to all countries and instrumental in the achievement of key developmental goals.
Regional economic cooperation and integration should be based on four pillars:
(a) an integrated market;
(b) seamless connectivity;
(c) financial cooperation;
and (d) addressing shared vulnerabilities and risks.
ESCAP emphasizes that a strategy for regional integration and cooperation in Asia and the Pacific should be mindful of the needs of the region’s least developed countries, landlocked developing countries and Pacific Island developing economies.