Central Asia Regional Economic Cooperation (CAREC) Program
In the Spotlight
Opening Remarks by Shixin Chen, ADB Vice President (Operations 1), at the CAREC High-Level Session During the Annual General Meeting on 1 May 2019 in Nadi, Fiji
This study seeks to assess the potential of the Central Asia Regional Economic Cooperation (CAREC) Program as a platform to promote a regional approach to tourism development.
Tajikistan and ADB upgraded the Dushanbe-Tursunzade road which is part of the CAREC Corridor 3 that spans almost 7,000 kilometers. The improved vital road connects the country to its neighbors and opens up opportunities for trade and commerce.
Building on the solid foundation of progress made since its launch in 2001, CAREC has recently approved its new long-term strategic framework leading to 2030.
The Central Asia Regional Economic Cooperation, or CAREC, Program is a partnership of 11 countries (Afghanistan, Azerbaijan, People's Republic of China, Georgia, Kazakhstan, Kyrgyz Republic, Mongolia, Pakistan, Tajikistan, Turkmenistan, and Uzbekistan), supported by 6 multilateral institutions, working together to promote development through cooperation, leading to accelerated growth and poverty reduction.
The Program's long-term vision is Good Neighbors, Good Partners, and Good Prospects.
With the rapid economic expansion of the People's Republic of China and Japan to the east, the Russian Federation to the north, and India and Pakistan to the south, there is unprecedented opportunity for CAREC countries to emerge as a center of trade and commerce, achieve higher levels of economic growth, and reduce poverty.
CAREC helps Central Asia and its neighbors realize their significant potential by promoting regional cooperation in four priority areas: Transport; Trade Facilitation; Energy, and Trade Policy.