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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.

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.






Economic Co-operation?


Meanwhile the current practice of economic co-operation has substantially deviated from the original intentions. In particular current actors of economic co-operation are not private sector companies with the resources to invest themselves in mutual beneficial actions.


De facto economic co-operation is today routed through private sector associations which as such provide a benefit for their members by participating in economic co-operation projects. Unfortunately these association do generally not comprise of financial, technical and human resources which would allow an investment from their side.


Hence, mobilisation of private sector resources is currently not achieved. EFEC will work towards a re-adjustment of economic co-operation policy and implementation rules which shall provide private companies with the opportunity to participate in non-profit oriented joint projects if they wish to do so.