The Progress of European Integration

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Abstract
On June 15, 1964, the United Nations Conference on Trade and Development adopted its Final Act. General Principle 10 of this Act contains the following recommendation: “Regional economic groupings, integration or other forms of economic co-operation should be promoted among developing countries as a means of expanding their intra-regional and extra-regional trade and encouraging their economic growth and their industrial and agricultural diversification."1 The Act expresses the discontent of the developing nations with the existing state of affairs and their readiness to experiment with new forms of regional economic cooperation.

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