• nexus-web-social
  • The UfM presents its 1st Report on Euro-Mediterranean Regional Integration

The UfM presents its 1st Report on Euro-Mediterranean Regional Integration

May 27 2021


Trade accounts for 35% of GDP in the Mediterranean region, and the intra-regional trade market is one of the most important in the world.

Today, the first edition of the UfM Progress Report on Regional Integration, commissioned by the UfM, and prepared by the OECD, was presented in an online event along with policy recommendations and an insight on best practice in regional integration from around the world.

The report takes stock of the progress that has been made, and highlights two important challenges that still stand: inadequate infrastructure for transport and energy connectivity, and a lack of common vision on human mobility as a driver of innovation and growth in the region.

27 May 2021. With over 20% of the world’s trade in goods in 2018, the intra-regional market of the UfM continues to be one of the most relevant global markets today, and yet, the region is one of least economically integrated worldwide. For this reason, the UfM commissioned the Organisation for Economic Co-operation and Development (OECD), to prepare the first edition of the UfM Progress Report on Regional Integration. The Report, presented online today, provides key findings and policy recommendations in five domains: trade, finance, infrastructure, movement of people, and research and higher education, along with specific performance indicators that can be used to monitor trends and progress over time.
[…]





Source: Union for the Mediterranean