CAREC SOM reviews progress on new initiatives, increased trade

ISLAMABAD, Jul 18 (APP): Pakistan will host the Senior
Officials Meeting (SOM) of Central Asia Regional Economic
Cooperation (CAREC) and related events.
According to a statement issued by the Ministry of Finance
here Monday the event is scheduled from July 19-20, 2016 in
The meeting aims at to promote development through
cooperation, leading to accelerated growth and poverty reduction in
the four priority areas of transport, trade facilitation, trade
policy and energy.
About 80-100 participants from member countries and
multilateral institutions will attend senior officers meeting.
The SOM will be chaired by Anjum Assad Amin, Additional
Secretary, Economic Affairs Division who is the National Focal
Person of Pakistan for CAREC.
Updates and key issues in the four priority sectors of CAREC
including transport, energy, trade facilitation, and trade policy
will be presented.
This will be followed by discussion of the Senior Officials.
On 20th July, the meeting of the Governing Council will take place.
Pakistan will also host 15th CAREC Ministerial Conference
schedule to be held on October 26, 2016.
CAREC program, it may be added, is a consultative forum of
Asian Development Bank (ADB). It consists of 10 member countries
including Afghanistan, Azerbaijan, People’s Republic of China,
Kazakhstan, the Kyrgyz Republic, Mongolia, Pakistan, Tajikistan,
Turkmenistan, and Uzbekistan.
Georgia an Observer supported by 6 multilateral institutions
(Asian Development Bank (ADB), United Nations Development Program
(UNDP), International Monetary Fund (IMF), World Bank (WB), Islamic
Development Bank (IDB)and European Bank for Reconstruction and
Development (EBRD).