CAREC Institute Participates in Global South Trade and Investment Cooperation Seminar in Beijing
On July 24, the CAREC Institute participated in the Seminar on Global South Trade and Investment Cooperation, held in Beijing and organized by the Global South Research Center (GSRC). The event brought together senior representatives and experts from international organizations, research institutions, and the business community to discuss strategies for promoting trade and investment, as well as unlocking the development potential of the Global South.
The seminar opened with remarks from the Chairman of the GSRC Council and President of the Development Research Center of the State Council, one of China’s leading think tanks. Distinguished guests from the World Trade Organization and the World Investment Conference also addressed the participants. The agenda featured two sessions focused on strengthening regional cooperation and addressing shared challenges facing the Global South. Speakers highlighted key priorities and encouraged open, solution-oriented dialogue to advance development, trade, and investment across the region.
Director Charymuhammet Shallyyev and Dr. Marina Wang, Senior Research Specialist, represented the CAREC Institute at the seminar. During the session on promoting Global South trade development and cooperation, Director Shallyyev emphasized the importance of regional collaboration for economic integration and sustainable development in the CAREC region. He noted that South-South trade grew by 6.2 percent in 2023, 2.3 times faster than North-South trade, demonstrating the increasing dynamism of Global South economies. He also pointed out that in the first five months of 2024, trade between China and Central Asia reached a record 286.42 billion yuan (approximately 40 billion US dollars), marking a 10.4 percent year-on-year increase. “Our experience has demonstrated that regional cooperation possesses transformative power to reshape development paradigms. By leveraging our abundant resources, resilient growth, and expanding economic corridors, we can unlock even greater opportunities for the Global South,” said Director Shallyyev. He encouraged continued multilateral cooperation among participants.
His remarks echoed the broader views shared at the seminar, which recognized the growing influence of the Global South in the world economy and the importance of closer cooperation. Participants agreed on the need to maintain open trade, deepen collaboration, and explore new opportunities in digital and green development.
The CAREC Institute will continue to promote knowledge exchange and practical collaboration to support sustainable trade and investment throughout the Global South.