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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.

By Pajhwok On Sep 10, 2017 - 18:55 KABUL (Pajhwok): Finance Minister Eklil Hakimi has travelled to the Chinese city of Urumqi where he participated in the inauguration ceremony for the Central Asia Regional Economic Cooperation (CAREC) Institute, the Ministry of Finance (MoF) said on Sunday.

Finance Minister Ishaq Dar called upon the member countries of Central Asia Regional Economic Cooperation (CAREC) to expedite works on the Pakistan’s proposals to accelerate cooperation in aviation, capital markets and capacity development.

Remarks by ADB President Takehiko Nakao at the CAREC Institute Intergovernmental Agreement Effectiveness Celebration on 7 September 2017 in Urumqi, People's Republic of China

Asian Development Bank (ADB) President Takehiko Nakao expressed confidence in the important role the new intergovernmental organization would play in the development of the CAREC program, as regional cooperation efforts among member countries enter a new phase.

The top Chinese legislature ratified an agreement on the establishment of the Central Asia Regional Economic Cooperation (CAREC) Institute.

The United Nations Industrial Development Organization (UNIDO) signed a Joint Declaration with the Central Asia Regional Economic Cooperation (CAREC) Institute.

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.

A Regional Economic Cooperation Institute was offered to be established in Central Asia to strengthen activities of the CAREC program and conduct necessary research.