Tenth CAREC Trade Policy Coordinating Committee Meeting
Ulaanbaatar, Mongolia: 25 May 2009
The 10th TPCC meeting discussed implementation of the Trade Policy Strategic Action Plan (TPSAP) and papers on trade through channels involving bazaars, and on broad cross-border cooperation. Committee members also reviewed the TPCC work program. See the TPCC Status Report.
The first paper discussed—Trade through Channels Involving Bazaars —examines the role of bazaars in Central Asia in promoting trade and raising the economic welfare of the population. The paper found that bazaars
The paper concluded that governments should foster the development of bazaars in view of their growth, employment generation, and poverty fighting characteristics. The paper was prepared by the World Bank.
The second paper—Deepening Integration in Border Regions within CAREC: The Asiaregio —found strong demand at the local level in Kazakhstan, the Kyrgyz Republic, and Tajikistan for deeper cooperation, but significant differences in policy approaches to economic development and foreign trade among countries—notwithstanding cultural and ethnic affinities, common historical background and existing functional interdependencies among them. Based on the experience with the Euroregios, the paper noted the importance of broadening cross-border arrangements beyond trade. The paper was prepared by the World Bank.