The Joint Declaration will enhance the cooperation between the two organizations in the areas of industrialization as a key driver for economic growth, and development efforts in the CAREC region.
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The Senate (Upper House) of the Uzbekistan Parliament has approved a law on ratification of the agreement on establishment of the Central Asia Regional Economic Cooperation (CAREC) Institute.
Statement by ADB Vice-President for Operations Group 1 Wencai Zhang at the launching of the CAREC Institute on 2 March 2015 in Urumqi, Xinjiang Uygur Autonomous Region, People's Republic of China.
The 13th ministerial meeting of the Central Asia Regional Economic Cooperation (CAREC) announced that the CAREC Institute would be headquartered in Urumqi, China.
Implemented by the Lee Kuan Yew School of Public Policy, the six-day program brought together senior government officials from Afghanistan, Azerbaijan, China, Kazakhstan, Kyrgyzstan, Mongolia, Tajikistan, and Uzbekistan.
A Regional Economic Cooperation Institute was offered to be established in Central Asia to strengthen activities of the CAREC program and conduct necessary research.