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Central Asia Regional Economic Cooperation Institute (CAREC)
The Central Asia Regional Economic Cooperation Institute (CAREC) is an intergovernmental organization promoting economic cooperation in Central Asia and along the ancient Silk Road through knowledge generation and sharing. CAREC is jointly shared, owned, and governed by 11 member countries: Afghanistan, Azerbaijan, People’s Republic of China, Georgia, Kazakhstan, Kyrgyz Republic, Mongolia, Pakistan, Tajikistan, Turkmenistan, and Uzbekistan.
The water-food-energy nexus approach can help Central Asia manage shared water resources and promote regional cooperation.
Key governance improvements and innovative financing strategies can promote sustainable water management in Central Asia.
Better transport infrastructure and digitized border clearance procedures are essential to boost regional trade through rapid cargo movement.
E-payment gateways and streamlined customs clearance processes can promote regional collaboration and economic growth in digital trade.
Efficient transport corridors can bolster participation of CAREC countries in regional value chains integration.
Strengthening regional cooperation, diversifying exports, and streamlining trade processes can give Central Asia’s exports a push.
Enhancing internet connectivity, data security, and workers’ digital skills can reduce the digital gap in Central Asia.
Developing regional value chains will promote trade and unlock the region’s unrealized economy.
Developing efficient institutions and technical capacity building can strengthen regional cooperation and integration in Central Asia.
The region needs to increase resource efficiency, diversify economies, and enhance cooperation to bolster adaptation and mitigation efforts.