Astana hosted 12th CAREC conference
Baku, October 29 (AZERTAC). The 12th Central Asia Regional Economic Cooperation (CAREC) Ministerial Conference was held on 22-24 October 2013 in Astana Kazakhstan.
In 2012, the 11th CAREC Ministerial Conference endorsed the Wuhan Action Plan to guide and prioritize the execution of CAREC 2020. The roundtable discussion that to achieve CAREC 2020's objectives of expanded trade and improved competitiveness, three areas have been identified: sector operational priorities, the CAREC Institute Work Plan 2013-2017, and the transport facilitation action plan.
The Central Asia Regional Economic Cooperation (CAREC) Program is an Asian Development Bank (ADB) supported initiative which was established in 1997 to encourage economic cooperation among countries in the Central Asian region.
In particular, cooperation among the ADB member states of Afghanistan, Azerbaijan, People's Republic of China, Kazakhstan, Kyrgyz Republic, Mongolia, Pakistan, Turkmenistan, Tajikistan, and Uzbekistan.
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