Follow us:
  • Facebook
  • Twitter
  • Google+
  • AppStore
  • RSS
Azernews.Az
Saturday January 16 2021
  • Latest
  • Nation
  • World
  • Business
  • Oil & Gas
  • Armenian Aggression
  • Nagorno-karabakh conflict
  • Editorial
  • Analysis
  • Lifestyle
  • Events
  • Healthcare
  • Culture
  • Sports
  • Travel
Home
  • Home
  • Nation
  • World
  • Business
  • Oil & Gas
  • Armenian Aggression
  • Nagorno-karabakh conflict
  • Editorial
  • Analysis
  • Lifestyle
  • Events
  • Healthcare
  • Culture
  • Sports
  • Travel

Azerbaijan approves agreement on establishment of CAREC Institute

1 December 2017 16:20 (UTC+04:00)
2 512

By  Trend

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.

The CAREC program established in 1997 is a partnership of 10 countries - Azerbaijan, Afghanistan, China, Kazakhstan, Kyrgyzstan, Mongolia, Pakistan, Tajikistan, Turkmenistan, Uzbekistan - and six multilateral institutions - ADB, European Bank for Reconstruction and Development, International Monetary Fund, Islamic Development Bank, UN Development Program and World Bank.

After joining CAREC in 2002, Azerbaijan has invested around $3 billion in the program projects.

Azerbaijan has allocated around $6 billion for development of the transport corridor within CAREC. The East-West Highway reconstruction by Azerbaijan within the CAREC program has transformed the country into a more effective corridor between Caspian and Black seas, and this contributed to promotion of trade between Europe and Asia.

---

Follow us on Twitter @AzerNewsAz         

  • #CAREC

Related News

UN, CAREC coordinate activities on Turkmenistan

UN, CAREC coordinate activities on Turkmenistan

5 December 2019 17:54
Uzbekistan hosting CAREC forum

Uzbekistan hosting CAREC forum

20 September 2019 18:57
Turkmenistan may join CAREC railway project

Turkmenistan may join CAREC railway project

2 April 2019 13:00
Central Asian countries' business integration within CAREC to be discussed in Ashgabat

Central Asian countries' business integration within CAREC to be discussed in Ashgabat

14 November 2018 18:57
TRACECA and CAREC agree to cooperate <span class="color_red">[PHOTO]</span>

TRACECA and CAREC agree to cooperate [PHOTO]

10 September 2018 15:21
CAREC develops roadmaps to mitigate consequences of Aral Sea drying

CAREC develops roadmaps to mitigate consequences of Aral Sea drying

15 January 2018 13:30
Azerbaijan, Mongolia to organize CAREC workshops for economic operators

Azerbaijan, Mongolia to organize CAREC workshops for economic operators

29 September 2014 13:57
  • Latest
  • Popular
14:43 • Azerbaijan shares footage from liberated Hajikand village of Kalbajar (PHOTO/VIDEO)
14:00 • Azerbaijan to start vaccination against COVID-19 on January 18
13:10 • Weekly review of Azerbaijani currency market
12:59 • Azerbaijan to resume activity of shopping centers, museums, barbershops
12:47 • After desecrating busts of our genius personalities, Armenians took them to Armenia to be melted down and sold - President Aliyev
12:39 • It is impossible to imagine Shusha without Jidir Duzu, and Azerbaijan without Shusha - President Aliyev
12:23 • In May 1992, Shusha was occupied as result of betrayal of PFPA-Musavat duo - President Aliyev
12:16 • Azerbaijan cancels SMS-permissions for leaving homes due to COVID-19
12:11 • Azerbaijan softens toughened quarantine regime
12:01 • Mausoleum of Molla Panah Vagif was inaugurated exactly 39 years ago, I was standing right here - President Aliyev
11:57 • Today, I brought busts of our geniuses Khurshidbanu Natavan, Uzeyir Hajibayli and Bulbul to Shusha - President Aliyev
11:45 • Commander-in-Chief came to Shusha for first time in 30 years and, frankly, does not want to leave - President Aliyev
11:29 • Armenia must answer in international courts - Azerbaijani MFA
11:13 • It is such unique feeling to see Shusha, to return to Shusha - President Aliyev
11:04 • All martyr families will be provided with apartments and houses by state - President Aliyev
10:59 • We are having tea in pear-shaped glasses, baklava on Jidir Duzu. Let our friends rejoice, enemies get blind! - President Aliyev (PHOTO/VIDEO)
10:52 • Those who grew up over 17 years have liberated these lands - President Aliyev
10:37 • Azerbaijan establishes National Agency for Mine Clearance of Territories of Azerbaijan
10:22 • Azerbaijan, Pakistan eye prospects of military cooperation, joint drills
10:12 • Int'l community must condemn Armenia's actions against Islamic religious monuments - Azerbaijani MP
15 January 18:00 • President Aliyev: Great return to liberated lands begins [UPDATE]
15 January 16:12 • Azerbaijan's President Ilham Aliyev forming new economic map of region
15 January 15:45 • Azerbaijan Woman Awards to be held in Baku [PHOTO]
15 January 15:42 • FMs of Russia and Iran to discuss situation around Nagorno-Karabakh
15 January 14:50 • PASTPRESENTFUTURE solo-show of Azerbaijani Aida Mahmudova presented in New York
15 January 15:19 • Azerbaijan repatriates 250 citizens from Georgia
15 January 17:51 • Azerbaijan's medical authority talks effectiveness of Sinovac vaccine
15 January 18:10 • Schoolchildren gain their first achievement in 2021 with Azercell’s support
15 January 19:00 • Azerbaijan discloses amount of compensation paid to depositors of closed banks
15 January 15:00 • Chief editor of Trend News Agency beats COVID-19, grateful to First VP Mehriban Aliyeva
15 January 17:27 • Azerbaijan's Ministry of Economy to contribute to turning Karabakh into prosperous region
15 January 16:55 • Ukraine excludes Azerbaijan from list of dangerous countries due to COVID-19
15 January 18:39 • Karabakh regional branch of Regional Development Public Association to operate in Shusha
15 January 19:35 • Azerbaijan announces starting date for COVID-19 vaccination
15 January 15:26 • President Erdogan receives first dose of Sinovac's COVID-19 vaccine
15 January 19:26 • Azerbaijani ombudsman visits persons detained during anti-terror operations in liberated lands
15 January 18:26 • Azerbaijan reveals number of vessels repaired at 'Bibiheybat' Shipyard in 2020
15 January 17:21 • First Vice-President Mehriban Aliyeva: I am very happy to be in our liberated ancient city of Shusha [VIDEO]
15 January 18:54 • Azerbaijani wagon washing station shows record performance following automation [PHOTO]
15 January 19:15 • Azerbaijan shows video footage from Gasimli village of Aghdam district [VIDEO]
See more
AzerNews Newspaper
AzerNews
  • Facebook
  • Twitter
  • Google+
  • RSS

Information

About us Contacts Advertising Azernews In Print

News Archive

© 2021 AzerNews. All rights reserved