The Economic Corridor Approach
An economic corridor promotes regional economic cooperation. Other ways to support regional and subregional cooperation include:
Formal mechanisms
- free trade area (FTA)
- customs union
- common market frameworks
Informal mechanisms
- growth triangles
- economic corridors
- transnational free zones (such as the Tumen River Economic Development Area in East Asia)
Economic corridors have the following characteristics:
- Covers smaller, defined geographic space, usually, straddling a central transport artery such as a road, rail line, or canal;
- Emphasizes bilateral rather than multilateral initiatives, focusing on strategic nodes particularly at border crossings between two countries;
- Highlights physical planning of the corridor and its surrounding area, to concentrate infrastructure development and achieve the most positive benefits.
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Regions and Countries 
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