Economic cooperation organizations

Economic cooperation organizations are groups of countries that collaborate to promote trade, investment, and economic growth among their members. They work together to reduce barriers like tariffs, harmonize regulations, and share information, aiming to create a more integrated and efficient regional economy. By cooperating, member nations can enhance economic stability, attract investments, and improve living standards through coordinated policies and joint initiatives. Examples include the European Union and ASEAN, which facilitate economic integration and development among member states.