Sharing information and pooling resources enable the international community to find common solutions to global problems more effectively and efficiently. The COVID-19 pandemic has been an unprecedented economic shock for the world economy. The global output, estimated by the IMF, fell to 3.5% in 2020. Now, there is a strong need for global economic cooperation that can play a crucial role in securing the smoothest possible immediate exit from the pandemic and maximizing the benefits from national and international efforts to build back better. we endeavor to create an environment that allows regional & global economic cooperation to be established and grow. Some of the current global issues that would benefit from a cooperative approach may prove relatively straightforward. However, others can be much more difficult, which still, need to be addressed urgently and there is no time to lose in taking the first step.