Senior officials from 11 CAREC countries and development partners discussed the progress of the CAREC 2030 strategy implementation.
The second CAREC Regional Trade Group meeting reviewed the CAREC Integrated Trade Agenda 2030's implementation since its endorsement in 2018.
Representatives from 11 CAREC Sanitary and Phytosanitary (SPS) national working groups and trade-related agencies and development partners joined the meeting.
CCC and CFCFA had substantial exchange on private sector concerns with custom administrations at borders, possible joint activities for 2019–2021, and possibility of conducting customs–private sector dialogue at national level.
The CAREC Customs Cooperation Committee expressed support to Uzbekistan’s State Customs Committee on the development of an Integrated Information Exchange System for the CAREC region.
Participants considered and agreed on a unified work plan for 2019–2021, including areas of potential collaboration with CAREC customs administrations.
Panelists discussed opportunities and challenges in developing the regional economic corridors, and the role of development institutions and CAREC.
ADB , IMF, and the World Bank jointly organized the CAREC forum to discuss the fiscal constraints, debt sustainability, and the need for more private sector involvement in infrastructure financing.
Participants suggested identifying concrete regional investment projects and initiatives to unlock the untapped tourism potential of the region.