Trade Policy
Trade Expansion through Regional Cooperation
Trade is critical to all CAREC economies. As landlocked nations rich in natural and other resources the ability to efficiently interact with world markets is critical to achieve sustainable economic growth.
CAREC's Trade Policy Strategic Action Plan
seeks to achieve the goal of trade expansion through regional cooperation. The main goals are:
- increasing trade openness to stimulate stronger growth and development, contributing to poverty reduction
- achieving World Trade Organization (WTO) membership for all countries
- capacity building in the area of trade and trade policy
The Action Plan will enable trade and improve the investment climate across Central Asia by simplifying and liberalizing our respective trade regimes within a reasonable timeframe. The initiatives include uniform application of VAT and excise taxes on domestically produced and imported goods; cutting tariffs; abolishing quantitative restrictions; and reducing barriers to transit and border trade.