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A Regional Connectivity Partnership for the Mediterranean
Authors
Raffaele Della Croce
Karim El Aynaoui
Youssef El Jai
Alessandro Gili
Alin Horj
Murat Kenanoğlu
Carlo Secchi
September 29, 2021
Related topics: 
Economy
Regional integration
International Relations

Changes in global value chains and reshoring trends brought about by the Covid-19 pandemic represent an opportunity for sustainable and inclusive economic development of the Mediterranean region. While the region has increased its participation in trade and global value chains, it remains below its potential due to limited connectivity and the lack of adequate investment in infrastructures. To boost competitiveness and attract near-shoring investments, an upgrade of the Mediterranean region’s logistic facilities as well as an integration of its supply chains is essential. Such goals would be best achieved through significant international cooperation, relying primarily on fora to set common standards for infrastructure investment, private sector co-operation and development banks to provide the financial resources for the deployment of infrastructure.

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