economic cooperation
Economic cooperation refers to the collaboration between countries or organizations to enhance trade, investment, and economic growth. This can involve agreements that reduce tariffs, share resources, or create joint ventures. By working together, nations can improve their economic stability and create opportunities for their citizens.
Such cooperation can take various forms, including free trade agreements, regional partnerships, and international organizations like the World Trade Organization. These efforts aim to foster mutual benefits, increase market access, and promote sustainable development, ultimately leading to a more interconnected global economy.