UNUnited Nations Economic Commission for Europe

Economic Cooperation and Integration

In order to respond to the actual needs expressed by its member States, the Commission established in December 2005 a new subprogramme on economic cooperation and integration, attributed to a new UNECE Committee on Economic Cooperation and Integration. The first session of the Committee is expected to take place in Autumn 2006.

The objective of the subprogramme is to promote a more conducive policy, financial and regulatory environment for economic growth, innovative development and higher competitiveness of enterprises and economic activities in the UNECE region.

In order to achieve its objective, the subprogramme will address key aspects of economic development and integration and focus mainly on countries with economies in transition. It will deliver policy advice, facilitate policy dialogue and exchange experience and best practice as well as develop relevant guidelines. To this end the subprogramme will facilitate application of the experience gained, lessons learned and best practices conducive to economic growth and innovative development, and will elaborate on this basis recommendations aimed at creating a policy, financial and regulatory environment which will contribute to economic development, investment and innovation.

Work under the subprogramme will be demand driven, will focus on specific topics and, subject to the multi-year work programme of the Committee on Economic Cooperation and Integration, will aim at strengthening the competitiveness of member States’ economies by: (i) promoting the knowledge-based economy and innovation; (ii) facilitating the development of entrepreneurship and the emergence of new enterprises; (iii) facilitating effective regulatory policies and corporate governance, including those in the financial sector; and (iv) promoting public-private partnerships for domestic and foreign investment, as well as intellectual property rights.

In support of this work the secretariat – building inter alia on relevant work carried out by other organizations and institutions, as well as contributions mobilized from external experts, advisers and decision-makers, in particular those from countries with economies in transition – will undertake applied economic analysis, collect lessons learned and experience gained, prepare case studies and elaborate proposals and options for policy debate among member States and other stakeholders.

The results of this work would be considered by thematic groups of experts and time-bound task forces, involving representatives of governments, international organizations, business associations and other stakeholders, which would provide a platform for exchanges of national policy experiences and identification of best practice. Subsequently, these outputs would be brought to the attention of the Committee on Economic Cooperation and Integration, which would serve as a forum for policy dialogue among member States and elaborate relevant policy recommendations, guidelines and standards. The results of work carried out under the subprogramme would be broadly disseminated to all interested stakeholders.

These results would also serve as the basis for technical cooperation activities organized by the secretariat, such as policy advisory services and capacity-building workshops, with a view to assisting member States, upon their request, and particularly countries with economies in transition, including emerging market economies, in the adaptation and application of best practice and in implementation of guidelines, standards and policy recommendations emanating from the Committee.