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The
European Forum for Economic Co-operation is a new organisation
The
European Forum for Economic Co-operation [EFEC] was founded in 2003. EFEC
is an registered European Economic Interest
Grouping (EEIG) with the trade register as HRA Freiburg 270426. It
comprises of qualified members and partners in EU countries and in
particular in Asia as well. EFEC
as an European Economic Interest Grouping based
on Council Regulation (EEC) No 2137/85 of 25 July 1985 is an international
organisation. EFEC supports on a not-for-profit basis sustainable
development via the mobilisation of economic co-operation within the
European private sector and organisations in developing countries.
EFEC
does not duplicate the work of national intermediaries. Whilst such
intermediaries undertake actions in their name to offer opportunities or
support economic co-operation, EFEC develops and
facilitates economic co-operation projects of other public and
private sector organisations and companies.
EFEC
to achieve its corporate objectives, in addition to invite Asian and
European organisations to become a member or to associate themselves,
co-operates with institutions and companies within an informal network.
Within such a network EFEC intends in the mid-term to offer similar
national organisations a clearing house and informal forum, which
produces synergy from until now not sufficiently co-ordinated national or
individual actions. In addition EFEC shall act as a lobby organisation,
representing the economic co-operation interests of its members and
partners towards co-financing organisations.
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Economic
Co-operation?
It has been recognised from political
actors, that public funding will not be sufficient to address all
international development issues.
Therefore the participation of the
private sector was originally sought to tackle issues which provide a
mutual benefit.
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