From an economic and legal perspective, the core significance of international institutional cooperation lies in reducing the operating costs of the global economy and preventing systemic risks through the coordination and protection of legal systems.

          Reduce transaction costs:By unifying trade rules and legal standards through institutions such as WTO and UNCTAD, compliance barriers and uncertainties in cross-border economic activities can be reduced, allowing for more efficient flow of goods and capital.

          Protecting property rights and expectations:By leveraging mechanisms such as WIPO and the International Centre for the Settlement of Investment Disputes to protect intellectual property rights and cross-border investments, we provide stable legal expectations for market entities, thereby stimulating innovation and long-term investment worldwide.

          Preventing Global Risks:Coordinate financial regulation and competition policies through platforms such as the Basel Committee and OECD, combat tax evasion and commercial bribery, prevent bottom line competition, and jointly maintain the stability of the global financial system and market order.

         Simply put, economic globalization requires a matching legal infrastructure. The significance of international institutional cooperation is precisely to build this infrastructure, so that the global economy can operate more safely and smoothly on the track of rules.