Subregional Cooperation Initiatives
Dec 2017; Asian Development Bank
Established in 2001, CAREC promotes regional economic cooperation through common infrastructure development and policy dialogue. The trading environment and investment climate have been improving through a network of multimodal transport corridors. These are opening economic opportunities by lowering trade costs, enhancing the flow of trade and people, and providing energy security and efficiency. They link CAREC members to each other and the rest of the world.