To do so requires an approach embracing the introduction of appropriate macroeconomic reforms, a commitment to structural reform, a credible legal system and a suitable social framework. In a multilateral trading system, trade and development should be even more closely linked. The special needs and interests of developing countries, particularly those of the least developed, must be taken into account in future stages of negotiations to ensure that the benefits of trade liberalisation genuinely contribute to the eradication of poverty. Regional economic integration complements multilateral trade liberalisation. In the case of the developing countries, it can be an important step in preparing them for integration into the world economy.
Weaker economies are often unable to follow and comprehend the realities of the world economy.
Many countries now belong to regional economic groupings which give them more influence in multilateral forums and enable them to promote greater integration into the world economy. Regional economic integration also enhances the stability of economic policy and the legal framework, thus producing a multiplier effect on growth. Trade and economic cooperation agreements between the European Union and the countries of Africa should therefore be based on existing regional integration initiatives, in particular the West African Economic Community.