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CAREC Institute holds new economy forms development forum in Beijing

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CAREC Institute holds new economy forms development forum in Beijing

June 27
01:53 2019

The Central Asia Regional Economic Cooperation (CAREC) Institute held a reception in Beijing in conjunction with the Belt and Road development forum in Beijing on June 21 jointly with the Circulation Expert Committee of China Marketing Association.

Video Produced by Yan Yiqiao; Compiled by Zhang Jian

More than 150 people attended the event, including China’s Vice Minister of Finance Zou Jiayi, officials from provincial-level governments, diplomatic envoys from the other 10 CAREC member countries, and representatives from relevant domestic ministries, international organizations, cooperating partners, think tanks and universities.

The CAREC Institute is an intergovernmental organization inaugurated in 2015 in Urumqi, capital of Northwest China’s Xinjiang Uygur Autonomous Region. The Institute is committed to promoting regional economic cooperation among its member countries through research activities, capacity building, and dissemination of knowledge.

The institute is managed by 11 CAREC member countries including Afghanistan, Azerbaijan, China, Georgia, Kazakhstan, the Kyrgyz Republic, Mongolia, Pakistan, Tajikistan, Turkmenistan and Uzbekistan.

Sanjaasuren Bayaraa, director of the CAREC Institute, delivers a speech at the forum. (Photos: CAREC Institute)

Sanjaasuren Bayaraa, director of the CAREC Institute, expressed his sincere gratitude to all the supporters from various circles at the event and said that the CAREC Institute will be more active in providing high-quality intellectual services to the member countries and partners.

“Becoming a leading knowledge center to realize economic integration in Central Asia and along the Silk Road by promoting the sustainable development is a strategic goal of the CAREC Institute,” said the director.

Zou said that China attaches great importance to CAREC and is committed to the development of the CAREC Institute.

“After several years of development, the institute’s activities have been steadily advanced and its capability has been continuously strengthened,” Zou said. “We hope that the member countries will continue to support the development of the CAREC Institute.”

Asim Ali Khan, counsellor at the Pakistani Embassy in Beijing, said that useful research conducted by the CAREC Institute helped provide an intellectual platform for promoting regional economic integration.

Khan mentioned that the China-Pakistan Economic Corridor (CPEC) cooperation project has been ongoing for five years and the project has promoted the prosperity of the two countries. 

“We believe that cultural and tourism exchanges and economic cooperation will be expanded further with Central Asia regional economic cooperation and the Belt and Road Initiative (BRI),” Khan said.

The attendees take a group photo after the forum.

Azerbaijan will further strengthen cooperation with the CAREC Institute and utilize the CAREC Institute as an international knowledge-sharing platform to better promote the breadth and depth of Azerbaijan’s participation in international cooperation mechanisms including the BRI, according to Akram Zeynalli, Azerbaijani ambassador to China.

Archil Kalandia, Georgian ambassador to China, emphasized the favorable investment climate in Georgia and listed a growing number of China’s investments in his country. He said that utilization of the country’s transit potential is one of the priorities of the government of Georgia. He also elaborated on the Trans-Caspian Railway Transport Corridor which has a tremendous potential.

Kalandia added that China and Europe exchanged 132 containers in 2016 through Georgia’s seaports and the new Baku-Tbilisi-Kars railway link. This number has been growing exponentially every year.

Additionally, to highlight successful regional cooperation, the ambassador mentioned that regular railway shipments from the port of Lianyungang to Istanbul will attract more cargo to the Trans-Caspian Transport Corridor.

The ambassador stressed that Georgia, as a bridge connecting the European and Asian markets, prioritizes its engagement in BRI, and will host the third Belt and Road Forum in Georgia later in 2019.

As an open, fair and inclusive research institution, the CAREC Institute can play an active role in sustainable economic development, said Batir Tursunov, minister counsellor of Uzbekistan in China. Tursunov hoped that the CAREC Institute could provide more knowledge services to Uzbekistan and play a role as an intellectual supporter in promoting economic corridor construction, a green economy, smart agriculture and tourism development.

Regional development, cultural exchanges and tourism advancing in Asia have been important areas for promoting economic cooperation in the BRI region under the context of the Second Belt and Road Forum for International Cooperation held in April this year and the Conference on Dialogue of Asian Civilizations held last month, according to Liang Ziqian, first deputy director of the CAREC Institute.

The CAREC Institute will launch a high-level event in Urumqi, Xinjiang, in the second half of 2019 to promote regional tourism development and promote the coordinated development of regional economic cooperation.

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