text: 80. rn respect to financiar ceoperatlon, EscAp continued to assist the Asianclearing union in smoothlng out the eettletrent of trade transactions among mempercountries and the use of local currencies for the puEpose, as trelr as in its effort!o increase lts memberghip. Assistance nag also provided to the Asian Reinsurancecorporation with a viee to enabling it to retaln a hlgh voLune of lnsurance andreinsurance business, thug reduclng the outfloe of foreign etchange trom nenbercountries. A feasibility study sirl be undert.ken ln order to de onstrate thedesirability ot establishing a regional export refinancing schene. 81. grith regard to co-operation in developnent lasues and policies. EscAprsproqrarune incrudes research and a seminar !o improge the basis for planned economicdevelopment to strengthen ECDC. a porkshop to reviee opfrortunitles for j,ncreased ECDC through foreign lnvestnent anong AsEAN-pac if lc count!ies and an expert groupto examine issues, options and noalalities 0f EcDc in respect to renittances froninternational labour ft j.9ra! ion. ECONO|nIC @ ITISSION FOR EUROPE 82. Since ECE has fee opportunities to engaqe in the prqtotion of programrnes ofeconomic co-operation among developing countries, the secretari.at has sought t,aysand means of conplementlng the EcDc activities undertaken by the other reqionalcomnissions. Accordinqly, it bas subnltted to the secretariats of tbe olhercornnissions a sanpl.ing of EcE proJects judgeat to be ot special interest to thedeveloping countri,eE oi the oeher regiona. 83. fn presenting these projecEs, which had been trled and tested, it was fel!that other regional connissiona contenplating or managing programmes arong sini,rarli.nes miqbt benefit fron che readily avatlable results lrittrout spending gine andresources on the trial and error Btages that necessarily precede such outputs, It ',as also felt that chese EcE regurts and outputs could serve to boost and toreinforce 31ni1ar projects already being carried out in lhe other regions or act asa catalyst for those projects stil.l a! the conceptuat stage. The idea, hoirever,PACIFIC countries ln the A/ 40/58L Eng ll sh Page 2l was not to pronote ECE activlty PgEg in other regions', since the ECE secretariat has no specific mandate and no pEft i-Eilar resources to undertake such activltieg
analysis: The text appears to be discussing economic cooperation and development initiatives among Asian countries, focusing on regional financial systems, trade transactions, insurance, and economic development policies. It also mentions the sharing of project results and expertise among regional commissions.