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Asia Today ISSN 1861-4604 Wednesday, February 21, 2018

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Uzbek Senate ratifies agreement on CAREC Institute establishment

Central Asia Regional Economic Cooperation

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Tashkent, Uzbekistan, Mar. 30 By Demir Azizov – Trend: The Senate (upper house) of the Uzbek parliament has approved a “Law on ratification of the agreement on establishment of the Central Asia Regional Economic Cooperation Institute (CAREC).

The agreement was signed by governments of Afghanistan, Azerbaijan, China, Kazakhstan, Kyrgyzstan, Mongolia, Pakistan, Tajikistan, Turkmenistan and Uzbekistan in Islamabad on Oct. 26, 2016.

The purpose of the Institute’s creation is to improve the quality of CAREC by building knowledge and developing capacity for effective regional cooperation in order to accelerate the economic growth in the CAREC region, according to the agreement.

The Institute will align its programs with the strategic objectives of CAREC and will offer innovative solutions based on the sharing of best practices in order to enable the founding members of the Institute to respond to regional challenges and ensure cooperation processes.

The Institute will conduct strategic research by mobilizing world-class intellectual resources in order to enhance the potential for regional cooperation and accelerated economic growth in the CAREC region.

 

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