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A quarter century ago, countries in the Mediterranean region made a strong political commitment to set the region on a path of peace, stability, and prosperity through the Barcelona Declaration. As we mark the anniversary of this declaration, we should be reminded that countries on both shores of the Mediterranean Sea pledged to enter a path toward deepening economic cooperation, promoting trade and investment, facilitating the transfer of technology, and strengthening bonds and peaceful coexistence. The world has changed a lot since the Declaration, yet the potential of Mediterranean integration remains largely untapped.
Continue reading the article on the World Bank website here.