Arab League and the Organization of African Unity, the Arab Council for Co-operation has laid down a comprehensive and ambitious plan for the total economic integration of its member countries in accordance with praqmatic principles of comparative advantage in trade and economic co-operation, mainly through joint projects, finance corporations and investment and export quarantees. In the same context, Egypt attaches great imPOrtance to co-operation between the countries of the Mediterranean region, North and South, as it is not only a product of historical, cultural and economic necessity but one that rests upon common interests and touches on determining the future of the peoples of the entire reqion. In addition to the new Mediterranean policy being formulated by the Committee of the European Community to take into account the vital importance of the region south of the Mediterranean, in terms of preservation of the environment, the campaiqn against drugs, and the transfer of technology, Egypt has proposed the establishment of a Mediterranean financial and monetary institution for investment and development, which would also be open to countries outside the reqion. Its tasks and activities should focus on Priorities such as food self-sufficiency, the environment, the promotion of investment, trade and development, as well as economic integration in various fields. JB/22 A/S-18/PV. 2 103 (Mr. Moussa, Egypt) Egypt hopes that the European Community will take a political decision this year for the establishment of such an institution so that preparations can be initiated for its realization. These are some of the features of Egypt's economic p0licy. It is a confirmation of our, broad outlook for international economic co-operation in its future phase. The success of any economic plan is subject to the total particpation of the population in the given development process, as an 
**Analysis**
The text discusses the economic integration of member countries, the establishment of a Mediterranean financial and monetary institution, and the promotion of investment, trade, and development. It also highlights the importance of international economic cooperation and the participation of the population in the development process. Based on these points, it is likely that the text is related to economic development and international trade.

**Category**
Economic development, International trade