The Central Asia Regional Economic Cooperation (CAREC) Institute has organized the fourth CAREC Think Tanks Development Forum (CTTDF) in cooperation with the Asian Development Bank (ADB), Regional Knowledge Sharing Initiative (RKSI) and International Economics and Finance Institute (IEFE) of the Ministry of Finance of the People’s Republic of China (PRC) on 27-28 August 2019 with a theme of “Trading for Shared Prosperity” in one of the ancient cities and starting points of the Silk Road, Xian, Shaanxi Province, the PRC.
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Delegation of CAREC Institute led by director Mr. Bayaraa Sanjaasuren traveled to Baku, Azerbaijan for signing ceremony of the Memorandum of Understanding (MoU) between the CAREC Institute and the Permanent Secretariat of the Intergovernmental Commission TRACECA (TRACECA).
Sanjaasuren Bayaraa, director of the CAREC Institute in Urumqi, PRC, to enhance CAREC programs through knowledge generation and capacity building, said that CAREC should coordinate and collaborate with the Belt and Road Initiative for win-win results for all sides involved.
The Azerbaijani Parliament has approved an agreement on establishment of the Central Asia Regional Economic Cooperation (CAREC) Institute at a plenary session on December 1.
A Regional Economic Cooperation Institute was offered to be established in Central Asia to strengthen activities of the CAREC program and conduct necessary research.