Purpose

The Central Asia Regional Economic Cooperation Institute (CAREC Institute) is establishing physical premises in Urumqi, PRC. To celebrate the opening of the new institution, the ADBI and the CAREC Institute are organizing a workshop to highlight policies and best practices to support the development of economic corridors and global value chains among the 10 CAREC countries.

Background

Economic corridors provide a link that allows distant economic hubs to interact with one another. As the infrastructure of these corridors improve, people and goods can move faster and more efficiently, increasing trade and in turn, business development which creates jobs and brings a better quality of life to the people in the region. In Central Asia, six economic corridors link the region’s economic hubs to each other and provide the landlocked countries access to Eurasian and global markets.

Efficient economic corridors foster a virtuous growth cycle, allowing access to new markets. Greater connectivity and regional cohesion allows local firms to participate in new value chains. However, economic corridors face unique challenges. Corridors are not ‘final products’ but intermediaries that must perform to the satisfaction of their users and customers. Thus, upgrading the physical infrastructure of these corridors is not sufficient to ensure an increase in traffic. In addition a harmonization of procedures and process accompanied by new technologies is needed.

Objectives

  • Identify policies and best practices to foster the interaction between global value chains and economic corridors in CAREC countries.
  • Provide an opportunity for high-level government officials to exchange ideas and discuss common challenges in developing economic corridors and enticing investment in global value chains.
  • Improve capacity to develop appropriate strategies and implement plans to improve economic corridors in Central Asia.

Participants

High-level officials from the following 10 CAREC member states: Afghanistan, Azerbaijan, Kazakhstan, Kyrgyz Republic, Mongolia, Pakistan, People’s Republic of China, Tajikistan, Turkmenistan, and Uzbekistan; 20 participants.

Participant responsibilities

Actively join discussions and share views and experiences.

Output

  • Identification of policies and best practices to foster the interaction between global value chains and economic corridors in CAREC countries.
  • An opportunity for high-level government officials to exchange ideas and discuss common challenges in developing economic corridors and enticing investment in global value chains.
  • Improved capacity to develop appropriate strategies and implement plans to improve economic corridors in Central Asia.
  • Presentation materials made available through the ADBI web site.

How to register

By invitation only.

Language

English, Chinese, Russian

Partner

CAREC Institute

Co-Sponsor

Central and West Asia Department and Asian Development Bank

Time of event

10:30 – 20:00

Event Contact

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