CAREC Ministerial Conference: Collaboration for Green, Sustainable and Inclusive Development

The 21st Ministerial Conference of the Central Asia Regional Economic Cooperation (CAREC) Program took place today, 24 November.

Chinese Minister of Finance Liu Kun and Asian Development Bank President Masatsugu Asakawa opened the conference with opening remarks.

Delegations from Azerbaijan, Georgia, Kazakhstan, the PRC, Kyrgyzstan, Mongolia, Pakistan, Tajikistan, Turkmenistan, and Uzbekistan participated in the conference.

Distingueshed delegates from the World Bank, the Asian Development Bank, the Asian Infrastructure Investment Bank, the Economic Cooperation Organization, the UN Economic Commission for Europe and others took part in the discussion of the program documents.

The urgency of forming a new model of economic interaction based on the involvement of new points of growth and development drivers in the medium and long term was noted.

During the conference the "CAREC Post-Pandemic Plan for Green, Sustainable and Inclusive Recovery (2023 - 2025)", "Cooperation Framework for Agricultural Development and Food Security in the CAREC Region", "Green Energy Alliance" concept, as well as "Regional Cooperation and Integration under the Preliminary Study on Climate Change" were agreed upon.

The speakers are unanimous that CAREC as a platform for jointly developing common approaches to achieving economic and financial stability, developing trade and economic relations, and expanding infrastructure, transport and economic interconnectivity has high potential.

P.S. In January-October 2022, about 36 percent of Uzbekistan's exports came from CAREC member countries.