[lemma=□]
[lemma=cooperation]
The Seventh North-West Banking Conference began in St. Petersburg on Thursday , with the lack of cooperation between the industrial and banking sectors being the key topic of debate . At some point an intergovernmental regional association could provide an appeals court for businesses contesting the interpretation of the " rules " of regional cooperation or for settling business conflicts between nationals of the different countries involved . That is , multi-faceted means for tension reduction , exchanges and cooperation as well as reciprocal inspection regulations need be adopted . Through both regional and individual country efforts , Pacific island countries should be encouraged to play a more active role in current Asia-Pacific initiatives , notably the Asia Pacific Economic Cooperation forum , or APEC , and the Pacific Economic Cooperation Conference , or PECC , aimed at building up a more open trading ( and investment ) framework and at promoting more collaborative approaches to the solution of common development problems and issues . Finally , " regional " cooperation could convey a sense of exclusivity to those left out .