Characteristics

• Emphasis is put on economic activities that are market-driven.
• Operates through a decentralized organizational structure where quadrilateral consensus is not required so as to avoid bureaucratic red tape and fast track the implementation of agreements.
• The private sector is assigned the role of the lead player and engine of growth of the economic cooperation scheme.
• Government's role, on the other hand, will be to provide an economic environment conductive to private sector growth.
• Socio-economic cooperation with non-member countries is allowed.

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