Policy Brief on Efficiency and Impact of the Participation of CAREC and Eurasian Countries along the Routes in Regional Value Chains

A new policy brief of the CAREC Institute “Analysis of CAREC Transport Corridors: Efficiency and Impact of the Participation of CAREC and Eurasian Countries along the Routes in Regional Value Chains” is authored Dr. Falendra Kumar, CAREC Institute Visiting Fellow.

Key highlights:

– Emphasizes the importance of both soft and hard infrastructure for promoting efficient CAREC transport corridors.

– Recommends holistic reforms for lagging transport corridors to improve performance efficiency.

– Advocates for the simplification and harmonization of border clearance procedures and customs documentation to reduce transit costs and trade times.

– Urges the adoption of digital technologies and trade facilitation measures to bolster soft infrastructure and enhance regional cooperation.

The research is funded through the technical and financial assistance from the Asian Development Bank (ADB) under TA-6694 REG: Supporting the Central Asia Regional Economic Cooperation Institute – International Expert (CAREC Institute Visiting Fellow – Batch 3).