The United Nations Economic Commission for Europe (UNECE or ECE) was established in 1947 to encourage economic cooperation among its member states. It is one of five regional commissions under the administrative direction of United Nations headquarters. It has 56 member states, and reports to the United Nations Economic and Social Council (ECOSOC). Besides countries in Europe, it also includes Canada, the Central Asian republics, Israel and the United States of America. The UNECE secretariat headquarters is in Geneva, Switzerland, and has an approximate budget of US$50 million.