Central Asia Regional Economic Cooperation (CAREC) Program
In the Spotlight
Not only is Central Asia a center of origin, it is a recognized global diversity hotspot. More than 8000 plant species grow in five members of the Central Asia Regional Economic Cooperation (CAREC) alone. How does one take advantage of this enormous supply opportunity? One obvious answer is to sell these products abroad. This means ensuring they are acceptable in foreign markets. Learn more
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.
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.