Bilateral Dimensions of the CAREC Trade Facilitation Agenda: Spotlight on Mongolia and the People's Republic of China

Event:

Bilateral Dimensions of the CAREC Trade Facilitation Agenda: Spotlight on Mongolia and the People's Republic of China

01 April 2010

Author / Speaker:

Ying Qian, ADB - Email the author | Other materials by the author

Yuebin Zhang, ADB - Email the author | Other materials by the author

Jeff Procak, ADB - Email the author | Other materials by the author

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The Asian Development Bank and its development partners support regional cooperation and integration initiatives for countries participating in the Central Asia Regional Economic Cooperation (CAREC) program.

CAREC sponsors measures to facilitate trade and maximize the impact of investments in infrastructure while providing an effective institutional forum for negotiating complex, cross-border projects. This is significant since cooperation on regional public goods promises substantial economic benefits.

Mongolia and the People’s Republic of China (PRC) are active participants in CAREC, and they have jointly addressed transport and trade facilitation concerns in ways that benefit from and contribute to the shared CAREC experience. Mongolia and the PRC are, together with ADB, devising solutions to expand the physical capacity of border crossing points on the Mongolia–PRC border as part of a broader CAREC-wide effort aimed at eliminating physical barriers to trade and commerce. Customs cooperation initiatives under the CAREC framework also augment the Mongolia–PRC customs cooperation program.

CAREC has allowed Mongolia to interact on equal terms with its much larger neighboring economies and to build the trust and confidence required to tackle problems regionally. Financial, advisory, and administrative support from ADB for regional cooperation via CAREC has created an effective institutional forum for negotiating complex cross-border projects.

Geographical Focus:

China, People's Republic of

Mongolia

Type of Content:

Project Stories

Disclaimer

The views expressed on this website are those of the authors and do not necessarily reflect the views and policies of the Asian Development Bank (ADB) or its Board of Governors or the governments they represent. ADB does not guarantee the accuracy of the data included in this publication and accepts no responsibility for any consequence of their use. By making any designation of or reference to a particular territory or geographic area, or by using the term “country” in this document, ADB does not intend to make any judgments as to the legal or other status of any territory or area.