This study seeks to assess the potential of CAREC as a platform to promote a regional approach to tourism development through the identification of opportunities for enhancing and expanding cooperation among member countries in the tourism sector, and to maximize economic opportunities while safeguarding ecosystems.
In Central Asia, it once took up to 58 hours and $318 for a cargo truck to cross a border. Countries in the region are working together to streamline the process for goods and services to move across borders.
From a modest start in 2001, the number and value of CAREC projects—including loans and grants—have grown rapidly to 193 projects worth more than $32.9 billion, as of September 2018. (View latest data on CAREC projects).
This report presents an analysis of the results of the UN Global Survey on Trade Facilitation and Paperless Trade Implementation for nine members of the CAREC Program.
The 2-day workshop assisted CAREC countries to promote small and medium-sized enterprise (SME) trade finance consistent with the CAREC 2030 priority of bolstering SME financing through cross-country learning.
Developing economic corridors is a priority for the CAREC Program, which has funded infrastructure connectivity among member countries for more than a decade. As CAREC member countries become more developed and connected to each other, they can benefit by cooperating at a higher level by linking markets, ideas, and people.
The CAREC Railway Working Group (RWG) met in Tashkent, Uzbekistan to agree on practical measures to implement the CAREC Railway Strategy. In particular, the RWG reviewed the proposed approach to the new TA project and agree on how it may be optimized for the effective implementation of the strategy
About 50 delegates from CAREC countries and heads of international financial institutions discussed regional energy trade, institutional reforms, and opportunities for development of renewable energy.
- $32.9 billion invested in transport, trade, and energy projects
- From 6 projects in 2001 to 190 projects, as of September 2018
The Central Asia Regional Economic Cooperation (CAREC) Program focuses investment and other activities on developing the six competitive transport corridors that link north, south, east, and west throughout Central Asia. Since 2001, CAREC has invested at more than $19 billion in transport projects along 6 corridor routes.
The six member countries of the Central Asia Regional Economic Cooperation (CAREC) Program are working together to move people, goods, and vehicles across borders faster, more efficiently, and at least cost. Since 2002, CAREC has mobilized around $268 million for projects that support growth in trade.
The Central Asia Regional Economic Cooperation (CAREC) Program aims to secure energy through the balanced development of the region's energy infrastructure, stronger integration of energy markets, and economic growth through energy trade. Since 2001, CAREC has invested more than $5.2 billion in 37 projects, mostly aimed at expanding bilateral electricity trade and improving the regional power network.