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Trade Policy

Trade Expansion through Regional Cooperation


Feature
17th CAREC Trade Policy Coordinating Committee (TPCC) Meeting
28 October 2012
CAREC trade policy sector focal points met in Wuhan, People's Republic of China, to focus on topics such as borderless bazaars in Central Asia, the Customs Union and Kazakhstan's imports, the World Trade Organization training workshop, and the committee's future work program. Visit the event page.

 

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 trade expansion through regional cooperation. The main goals are

  • increasing trade openness to stimulate stronger growth and development, contributing to poverty reduction;
  • helping all CAREC countries achieve World Trade Organization membership; and
  • 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 national trade regimes within a reasonable timeframe. Specific initiatives include uniform application of value-added and excise taxes on domestically produced and imported goods; cutting tariffs; abolishing quantitative restrictions; and reducing barriers to transit and border trade.

The Action Plan builds on a series of reports developed by the Trade Policy Coordinating Committee. These include

[Trade policy-related materials can be accessed at Senior Officials' Meetings and Trade Policy Coordinating Committee (TPCC) meetings.]

 

 

 


© Central Asia Regional Economic Cooperation (CAREC) 2009