The Regional Cooperation Council was established at a 2008 meeting of foreign affairs ministers from the South-East European Cooperation Process to superceed the Stability Pact for Southeastern Europe.

The RCC is led by a Secretary-General, currently Amer Kapetanovic and consists of 46 participants.

[4] A major project of the RCC is the development of the Regional Economic Area (REA), to better integrate South East European economies.

The status of the REA had been uncertain with competing integration projects like the 2019 Open Balkan initiative.

[5] However on 2 July 2023, Albanian prime minister Edi Rama stated the Open Balkans project is over and the countries will revert back to the Berlin Process.